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of <h1>IBBI Amends Liquidation Process: Liquidators Must File Stakeholder Lists Online for Transparency, Comply with 3-Day Deadline.</h1> The Insolvency and Bankruptcy Board of India (IBBI) mandates that liquidators must verify claims and prepare a list of stakeholders during the liquidation process. This list should be filed with the Adjudicating Authority and displayed on the corporate debtor's website. An amendment to the Liquidation Process Regulations requires liquidators to file this list on the IBBI's electronic platform to enhance transparency. This applies to all ongoing and new liquidation processes. Insolvency professionals must file or update the list within three days of preparation or modification, using the specified format, and comply with filing deadlines as per the circular.
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