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of <h1>Compliance Certificate Explains Liquidation Under Regulation 45(3): Process, Asset Realization, and Stakeholder Distribution Details</h1> The Compliance Certificate under Regulation 45(3) of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016, details the liquidation process managed by an appointed liquidator. It includes information about the corporate debtor, the liquidation timeline, asset realization, stakeholder distributions, and any deviations from regulations. The document also outlines the liquidator's compliance with statutory requirements, reports filed with the Adjudicating Authority, and any pending legal matters. The certificate concludes with the liquidator's declaration of the accuracy of the information provided.
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