Liquidation public announcement format governs claim filing, disclosure requirements, and electronic submission by financial creditors. Prescribed the format of Form B public announcement under the liquidation process regulations, requiring disclosure of the corporate debtor's particulars, liquidation commencement date, liquidator details, and last date for submission of claims. Stakeholders were called upon to submit proofs of claim within thirty days from the liquidation commencement date; financial creditors were to file only by electronic means, while other stakeholders could file in person, by post, or electronically. The form also stated that false or misleading proofs of claim would attract penalties.
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Liquidation public announcement format governs claim filing, disclosure requirements, and electronic submission by financial creditors.
Prescribed the format of Form B public announcement under the liquidation process regulations, requiring disclosure of the corporate debtor's particulars, liquidation commencement date, liquidator details, and last date for submission of claims. Stakeholders were called upon to submit proofs of claim within thirty days from the liquidation commencement date; financial creditors were to file only by electronic means, while other stakeholders could file in person, by post, or electronically. The form also stated that false or misleading proofs of claim would attract penalties.
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