IBBI Introduces PGIRP e-Forms for Personal Guarantor Insolvency

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.

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