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<h1>Post-liquidation closure reporting for corporate debtors via Form LIQ-4: timelines, revised distributions, accounts, and PUFE application status</h1> Prescribes Form LIQ-4 for filing, within 14 days of the adjudicating authority's order, particulars of dissolution of the corporate debtor or closure of the liquidation process under the IBC, including the date and basis of closure (section 230 compromise/arrangement, going concern sale, dissolution, or other specified grounds) and the date of filing the dissolution order with the ROC or other applicable authority, thereby standardising post-order reporting. Requires disclosure of any revisions to stakeholder distributions earlier reported in Form LIQ-3, with a category-wise statement aligned to section 53 waterfall, thereby updating the final distribution record. Requires disclosure of any revisions to receipts and payments earlier reported in Form LIQ-3, thereby updating the liquidation accounts. Requires reporting of PUFE applications filed by the RP and/or liquidator, their status, amounts and post-closure pursuit arrangements, thereby recording ongoing avoidance-related proceedings after dissolution/closure.
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