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IBBI's discussion paper proposes four IRP Regulation amendments for personal guarantors — related-party voting exclusion, avoidance transaction reporting, mandatory asset valuation, and recorded creditor deliberations — with comments due October 3, 2026.
Insolvency and Bankruptcy Board of India (IBBI)
14 September 20268 min
IBBI Circular IBBI/II/104/2026 dated 9 July 2026 extends the deadline for filing PGIRP-1 to PGIRP-6 forms for personal guarantor insolvency resolution processes from 30 June to 30 September 2026, and directs IPs to ensure accurate, truthful filings across all mandatory fields.
Circular - Extension of time for filing Forms to monitor insolvency resolution processes for Personal Guarantors to Corporate Debtors.
9 July 2026Eff. 9 July 20269 min
IBBI's Discussion Paper proposes amendments to CIRP, Liquidation and Personal Guarantor Regulations — CoC approval for valuers, sealed-cover valuation reports, 30-day PG moratorium-cessation intimation, RP continuation during Sec. 12A withdrawal, and no AA approval for stakeholder-list changes.
Discussion Paper - Strengthening the Regulatory Framework - Amendments to CIRP Regulations, Liquidation Regulations and PG to CD Regulations
2 July 202613 min![IBBI Personal Guarantor IRP Regulations 2019 – Complete Guide [Amended up to 2 June 2026]](/_next/image?url=https%3A%2F%2Fi.ibb.co%2F5gCqjPnG%2Fibbi-personal-guarantor-insolvency-irp-regulations-2019-amended-june-2026.jpg&w=3840&q=75)
The IBBI has overhauled the Insolvency Resolution Process for Personal Guarantors Regulations, 2019 through REG149, effective 2 June 2026. New Reg 6A mandates detailed asset disclosure, Reg 11A coordinates asset transfers under Section 28A, Reg 17B is tightened, and Forms A–C move to circular format
IBBI (Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Regulations, 2019 (Amended upto 02-06-2026)
14 June 2026Eff. 2 June 202637 min