IBBI extends deadline for filing PGIRP forms till 30 September 2026
IBBI Extends Deadline for Filing PGIRP Forms till 30 September 2026
The Insolvency and Bankruptcy Board of India (IBBI) has issued Circular No. IBBI/II/104/2026 dated 09 July 2026, extending the due date for filing electronic forms prescribed for monitoring insolvency resolution processes of Personal Guarantors to Corporate Debtors under the Insolvency and Bankruptcy Code, 2016.
Background: Earlier, through Circular No. IBBI/II/92/2026 dated 06 March 2026, the IBBI introduced six electronic forms (PGIRP-1 to PGIRP-6) to facilitate monitoring of insolvency resolution processes involving personal guarantors to corporate debtors.
The circular prescribed filing timelines commencing from 31 March 2026 and ending on 30 June 2026, depending on the stage of the insolvency process. It also provided that penalties for delayed submission or modification of forms would apply only after 30 June 2026.
Deadline Extended to 30 September 2026: Based on representations received from Insolvency Professionals (IPs) and Insolvency Professional Agencies (IPAs), highlighting technical challenges and the need for additional time to adapt to the electronic filing platform, the IBBI has decided to grant further relief.
Accordingly:
- The last date for filing all applicable PGIRP Forms (PGIRP-1 to PGIRP-6) has been extended from 30 June 2026 to 30 September 2026.
- Penalties for delayed submission or modification of these forms will now be applicable only after 30 September 2026.
IBBI Issues Strict Advisory on Accuracy of Filings
The Board has also observed instances where certain Insolvency Professionals submitted incomplete or incorrect information, including entering zero values in mandatory fields merely to complete the filing process.
IBBI has clarified that:
- All information furnished in PGIRP forms must be accurate, complete, and truthful.
- The details provided must be fully consistent with the supporting documents uploaded with the forms.
- The responsibility for timely and accurate filing rests entirely with the concerned Insolvency Professional.
Assistance for Stakeholders: Stakeholders requiring guidance may refer to the Frequently Asked Questions (FAQs) available on the IBBI website.
Any technical issues encountered during the electronic filing process may be reported to support.form@ibbi.gov.in.
Legal Authority: The circular has been issued under Section 196(1)(aa) of the Insolvency and Bankruptcy Code, 2016, empowering the IBBI to issue directions relating to the functioning of the insolvency framework.
Key Takeaways
- Due date for filing PGIRP Forms extended to 30 September 2026.
- Late filing or modification penalties deferred until after 30 September 2026.
- IBBI has directed Insolvency Professionals to ensure complete, accurate, and truthful disclosures in all electronic forms.
- Technical assistance is available through the IBBI FAQs and the designated support email.
