Public announcement by liquidator: stakeholders must submit or update claims within prescribed period; CIRP-collated claims deemed submitted. The liquidator must make a public announcement in Form B within five days of appointment, calling on stakeholders to submit or update claims as on the liquidation commencement date and specifying the last date for submission or updation (thirty days from the liquidation commencement date). Claims not submitted during liquidation but collated by the interim resolution professional or resolution professional during the corporate insolvency resolution process shall be deemed submitted under section 38. The announcement must be published in an English and a regional language newspaper at relevant locations and on the corporate debtor's and Board-designated websites.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Public announcement by liquidator: stakeholders must submit or update claims within prescribed period; CIRP-collated claims deemed submitted.
The liquidator must make a public announcement in Form B within five days of appointment, calling on stakeholders to submit or update claims as on the liquidation commencement date and specifying the last date for submission or updation (thirty days from the liquidation commencement date). Claims not submitted during liquidation but collated by the interim resolution professional or resolution professional during the corporate insolvency resolution process shall be deemed submitted under section 38. The announcement must be published in an English and a regional language newspaper at relevant locations and on the corporate debtor's and Board-designated websites.
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