Liquidators now required to put stakeholders list on IBBI website

Liquidators now required to put stakeholders list on IBBI website
K.R.Srivats
New Delhi |
Updated on
March 05, 2021
Insolvency regulator’s move to usher in transparency, say experts
Insolvency regulator Insolvency and Bankruptcy Board of India (IBBI) has now stipulated that liquidators must submit the list of stakeholders —category-wise and on the basis of proof of claims submitted— in a liquidation process on the electronic platform of the Board for dissemination on its website.
This will have to be done apart from filing such a list with the Adjudicating Authority (NCLT) within fortyfive days from the last date for receipt of the claims.

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