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of The Circular by the Insolvency and Bankruptcy Board of India introduces electronic forms for monitoring liquidation processes under the Insolvency and Bankruptcy Code. Insolvency Professionals must file forms capturing process details to ensure compliance, transparency, and efficiency. Forms LIQ 1-4 cover different stages of liquidation, requiring timely submission online. Failure to comply may result in liability. The Circular is issued u/s 196 of the Insolvency and Bankruptcy Code.
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