The Insolvency and Bankruptcy Board of India (IBBI) on December 02, 2024, extended the time for filing Forms to monitor liquidation and voluntary liquidation processes under the Insolvency and Bankruptcy Code, 2016.
Representations have been received from the liquidators and Insolvency Professional Agencies for extending the date citing the technicalities and issues involved in the submission of the forms.
Considering the above-mentioned representations and difficulties faced by the liquidator, it has been decided to extend the last date of submission of the liquidation and voluntary liquidation forms till December 31, 2024.
It is further clarified that, for ongoing liquidation and voluntary liquidation cases, the responsibility for filing all forms shall lie with the Insolvency Professionals (IP) currently handling the process. Moreover, in cases where an application for closure or dissolution has been filed, or a dissolution or closure order has been passed, the IP under whose tenure the said application was filed or the order was passed shall be responsible for filing all forms related to the particular case.
[Circular No. IBBI/LIQ/79/2024]
