The Insolvency Bankruptcy Board of India has released a circular on the extension of time for filing Forms to monitor liquidation and voluntary liquidation processes under the Insolvency and Bankruptcy Code, 2016.
The board has decided to extend the last date of submission of the liquidation and voluntary liquidation forms till December 31, 2024. Further clarifying 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.
Presently, the IPs submit the details regarding the liquidation process to the Board through emails,…
