IBBI Introduces PGIRP e-Forms for Personal Guarantor Insolvency

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  • Last Updated on 9 March, 2026

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PGIRP e-Forms

Circular No. IBBI/II/92/2026, Dated: 06. 02.2026

The Insolvency and Bankruptcy Board of India (IBBI) has mandated Resolution Professionals (RPs) to file specified electronic forms to report the stage-wise progress of insolvency resolution processes for personal guarantors to corporate debtors.

These forms must be submitted through the IBBI’s online platform to improve regulatory monitoring and ensure timely reporting of case developments.

1. Introduction of PGIRP Electronic Forms

Under the revised framework, Resolution Professionals are required to file the following electronic forms:

  • PGIRP-1 to PGIRP-6

These forms capture different stages and key milestones of the personal guarantor insolvency resolution process, enabling the Board to monitor case progress in a structured manner.

2. Filing Timelines

The forms must be filed within the prescribed timelines, generally by the 10th day of the month following the relevant reporting period.

The timelines apply to ensure timely submission of information and facilitate effective regulatory oversight.

3. Transitional Deadlines for Existing Cases

For pending and concluded cases, the framework provides transitional deadlines to enable Resolution Professionals to submit the required forms and align with the new reporting system.

This transitional arrangement allows existing cases to be brought within the electronic reporting framework.

4. Penalty for Delayed Filing

IBBI has specified that penalties for delayed filing of these forms will apply only after 30 June 2026.

This grace period is intended to provide adequate time for Resolution Professionals to familiarise themselves with the new electronic filing system and reporting requirements.

5. Objective of the Framework

The introduction of electronic reporting forms aims to:

  • Strengthen regulatory oversight of personal guarantor insolvency processes
  • Improve transparency and availability of case progress data
  • Standardise reporting across insolvency proceedings
  • Facilitate efficient monitoring by the IBBI

Overall, the initiative supports a more structured and technology-driven insolvency reporting framework.

Click Here To Read The Full Circular

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Author: Taxmann

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

  • The statutory material is obtained only from the authorized and reliable sources
  • All the latest developments in the judicial and legislative fields are covered
  • Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
  • Every content published by Taxmann is complete, accurate and lucid
  • All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
  • The golden rules of grammar, style and consistency are thoroughly followed
  • Font and size that's easy to read and remain consistent across all imprint and digital publications are applied