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IBC - Highlights / Catch Notes

Home Highlights July 2024 Year 2024 This

The Circular by the Insolvency and Bankruptcy Board of India ...


New rules for monitoring liquidation processes under Insolvency & Bankruptcy Code! Insolvency Pros must file electronic forms for transparency

Circulars     Insolvency and Bankruptcy

July 2, 2024

The Circular by the Insolvency and Bankruptcy Board of India introduces electronic forms for monitoring liquidation processes under the Insolvency and Bankruptcy Code. Insolvency Professionals must file forms capturing process details to ensure compliance, transparency, and efficiency. Forms LIQ 1-4 cover different stages of liquidation, requiring timely submission online. Failure to comply may result in liability. The Circular is issued u/s 196 of the Insolvency and Bankruptcy Code.

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