The Insolvency and Bankruptcy Board of India (IBBI) on December 21, 2022, issued a notification regarding the Proforma for reporting the liquidator’s decision(s) different from the advice of the Stakeholders’ Consultation Committee (SCC) under proviso to sub-regulation (10) of regulation 31A of IBBI (Liquidation Process) Regulations, 2016.
The following has been stated namely: -
• The Board has made an electronic platform available at www.ibbi.gov.in, for reporting the liquidator’s decisions different from the advice given by the SCC.
• The proforma for such reporting is placed as Annexure which is attached to the notification
• The insolvency professionals are directed to make use of the aforesaid proforma for reporting to the Board and Adjudicating Authority.
[Notification No. IBBI/LIQ/57/2022]
