Liquidation timeline under IBC prescribes staged duties for liquidator and stakeholders with fixed procedural deadlines. Model timeline prescribes time-bound duties from the Liquidation Commencement Date: public announcement; appointment of registered valuers; submission and verification of claims; constitution of the Stakeholders' Consultation Committee; filing the list of stakeholders; preparation of asset memorandum and periodic progress reports with asset sale reports; intimation on acceptance or rejection of claims; appeal window for creditors; realization and distribution of proceeds; disclaimer procedures for onerous property; deposit of unclaimed proceeds; and a one-year outer limit for completion of liquidation.