IBBI issues circular on filing of list of stakeholders

Nov 25, 2021 | by TeamLease RegTech Legal Research Team

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Secretarial Compliance

Insolvency and Bankruptcy Board of India (IBBI) on November 24, 2021 has issued circular on Filing of list of stakeholders under clause (d) of sub-regulation (5) of regulation 31 of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 to amend Circular No. IBBI/LIQ/40/2021 which specify “the liquidators to file the list of stakeholders and modification thereof”.

The following amendment has been made: -

• The following column “Identification No.” has been removed from the following forms namely: -

  1. List of secured financial creditors
  2. List of unsecured financial creditors
  3. List of operational creditors (Workmen)
  4. List of operational creditors (Employees)
  5. List of operational creditors (Government Dues)
  6. List of operational creditors (Other than Workmen and Employees and Government Dues)
  7. List of other stakeholders (Other than financial creditors and operational creditors)

The insolvency professionals are directed to file the list of stakeholders of the respective corporate debtor under liquidation and modification thereof, in the revised format within three days of the preparation of the list or modification thereof.

[Notification No. IBBI/LIQ/46/2021]

 

 


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