Creditor Monitoring Form for Personal Guarantor Insolvency: 2026 Reporting Workflow
By Ravi Sisodia · Reviewed by CA Divyanshu Sengar · Updated 5 October 2026
2-minute summary
- Use the 6 March 2026 circular and subsequent format circulars as the control baseline.
- Check the 9 July 2026 extension before treating an earlier missed date as a continuing default.
- Form data should reconcile to tribunal milestones, claims, creditor meetings/repayment-plan events and closure status.
- Maintain filing acknowledgement and the source workbook used to populate each form.
Current position
IBBI introduced monitoring forms for personal-guarantor insolvency processes in 2026 and subsequently issued an extension circular. Insolvency professionals and creditor teams should therefore treat form filing as a dated compliance workflow tied to the live process rather than an optional management report.
Control and evidence map
| # | Control / evidence requirement | |
|---|---|---|
| 1 | Create a case-to-form calendar for every live PG matter. | |
| 2 | Assign data owners for claim, asset, meeting, plan and tribunal fields. | |
| 3 | Reconcile form milestones to the case docket before submission. | |
| 4 | Save portal acknowledgement and submitted PDF/data snapshot. | |
| 5 | Apply the latest extension/amendment rather than a static internal due-date sheet. | |
Worked example
An IP has five PG matters that began before the monitoring circular and two new matters after it. A single blanket filing date is risky. The compliance register should identify each matter, applicable form/event, original timeline, any 2026 extension and evidence of actual filing.
Common mistakes
- Using a corporate-CIRP form calendar for PG matters.
- Ignoring the July 2026 extension circular.
- Submitting monitoring data that does not match the NCLT docket.
- Keeping no copy of the filed form/acknowledgement.
Frequently asked questions
Are PG monitoring forms optional?
No; use the IBBI circular framework for applicable processes.
Why does the July 2026 circular matter?
It extended time for filing specified PG monitoring forms.
Should the creditor maintain its own copy?
Yes, especially where its data feeds the IP’s filing.
What is the best control?
A case-level calendar linked to source data and filing acknowledgements.
Official sources
- Insolvency and Bankruptcy Board of India - Circular - Filing Forms to monitor insolvency resolution processes for Personal Guarantors (2026-03-06)
- Insolvency and Bankruptcy Board of India - Circular - Extension of time for filing Personal Guarantor monitoring Forms (2026-07-09)
- Insolvency and Bankruptcy Board of India - Circular - Formats under PG Insolvency Resolution Regulations (2026-06-02)
Disclaimer
Educational and professional reference only; confirm the current law, rates and the facts of your case before relying on this page.