Liquidation timeline framework sets deadlines for claims, stakeholder reporting, distributions, and completion of corporate debtor liquidation. Regulation 47 of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 sets out a model timeline for liquidation of a corporate debtor from the liquidation commencement date. The timeline covers commencement of liquidation, appointment of the liquidator and valuers, public announcement, submission and verification of claims, intimation of acceptance or rejection, filing of stakeholders' list, progress reports, distribution of proceeds, disclaimer of onerous property, deposit of unclaimed dividends and undistributed proceeds, and completion of liquidation.
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.
Liquidation timeline framework sets deadlines for claims, stakeholder reporting, distributions, and completion of corporate debtor liquidation.
Regulation 47 of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 sets out a model timeline for liquidation of a corporate debtor from the liquidation commencement date. The timeline covers commencement of liquidation, appointment of the liquidator and valuers, public announcement, submission and verification of claims, intimation of acceptance or rejection, filing of stakeholders' list, progress reports, distribution of proceeds, disclaimer of onerous property, deposit of unclaimed dividends and undistributed proceeds, and completion of liquidation.
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