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IBBI puts in place web platform for placing of stakeholder’s list on the IBBI’s website

CIRCULAR No. IBBI/LIQ/40/2021 Dated, 04th March, 2021 

The IBC read with the IBBI (Liquidation Process) Regulations, 2016 (Liquidation Process Regulations) requires that the liquidator shall verify every claim as on the liquidation commencement date, and thereupon prepare a list of stakeholders, with specified details. The list of stakeholders shall be filed with the Adjudicating Authority and the same may be modified, with its approval. The list of stakeholders shall, inter-alia, be displayed on the website, if any, of the corporate debtor. Accordingly, the IBBI has made available an electronic platform at www.ibbi.gov.in for filing of list of stakeholders as well as updating it thereof by liquidator as per the IBBI (Liquidation Process) norms. The platform permits multiple filings by the liquidator as and when the list of stakeholders is updated by him. The format of list of stakeholders, as finalised in consultation with the insolvency professional agencies has also been specified. 

  

The Board has also directed the insolvency professionals to file the list of stakeholders of the respective corporate debtor under liquidation and modification thereof, in the aforesaid format, within 3 days of the preparation of the list or modification thereof, as the case may be. The filings due as on the date of circular shall be filed within 15 days of this circular. 

CA Vikas Jain - Chief Advisor

Mr. Vikas Jain is a reputed Chartered Accountant possessing in-depth understand...

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CA Vikas Jain

CA Vikas Jain - Chief Advisor

Mr. Vikas Jain is a reputed Chartered Accountant possessing in-depth understand...

Read More

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