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of <h1>IBBI modifies stakeholder list format, removing ID numbers to safeguard personal data in liquidation process.</h1> The Insolvency and Bankruptcy Board of India (IBBI) issued a circular addressing the filing of stakeholder lists under the Liquidation Process Regulations. The circular modifies the previous requirement by removing the 'Identification No.' column from the stakeholder list format to prevent the misuse of sensitive personal information such as Aadhaar and PAN details. Insolvency professionals must now file the stakeholder list in the revised format within three days of its preparation or modification. This change aligns with guidelines for protecting personal data under the Aadhaar Act, 2016, and the Information Technology Act, 2000.
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