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of <h1>Liquidator to Announce Appointment in 5 Days Using Form B; Stakeholders Have 30 Days for Claims Submission.</h1> The liquidator must make a public announcement within five days of appointment, using Form B of Schedule II, as per the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016. This announcement invites stakeholders to submit or update claims within thirty days from the liquidation commencement date. If stakeholders fail to submit claims during the liquidation process, claims previously submitted and collated during the corporate insolvency resolution process will be considered submitted. The announcement must be published in widely circulated English and regional language newspapers, on the corporate debtor's website, and on a designated Board website, if available.
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