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TMI BlogFiling Forms to monitor liquidation processes under the Insolvency and Bankruptcy Code, 2016, and the regulations made thereunderX X X X Extracts X X X X X X X X Extracts X X X X ..... sionals All Recognised Insolvency Professional Entities, and All Registered Insolvency Professional Agencies (By mail to registered email addresses and on the website of the IBBI) Dear Madam / Sir, Subject: Filing Forms to monitor liquidation processes under the Insolvency and Bankruptcy Code, 2016, and the regulations made thereunder. During the liquidation process, the liquidator invites claims ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the liquidation process under the Insolvency and Bankruptcy Code (IBC), as they facilitate systematic and transparent record-keeping and seamless reporting. The key benefits of these forms include: Enhancing the efficiency and effectiveness of the liquidation process. Allowing liquidators to easily access and submit forms online, reducing delays and improving efficiency. Minimizing the likelihood ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , PUFE, Realisation, distribution of proceeds, Receipts and Payments. (The details required in these forms are carried forward from the last Progress Report and hence need not be filled again) On or before the 10th day of the subsequent month, after submission of the Dissolution /closure application to the AA. LIQ 4 From Application for Dissolution to Order for Dissolution: This includes details o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t is directed that an IP shall file Forms through the electronic platform: a. within the prescribed timeline for all cases where a liquidation order is passed on or after issuance of this circular. b. for ongoing cases: Cases in which no application for dissolution of the corporate debtor/closure of the liquidation process has been filed, shall file form LIQ 1 and LIQ 2 (for the March 24 quarter) ..... X X X X Extracts X X X X X X X X Extracts X X X X
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