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of <h1>Liquidators Can Access Information for Liquidation Under IBC Section 37; Must Respond to Creditors Within 7 Days</h1> The liquidator has statutory powers to access necessary information for the liquidation process of a corporate debtor under Section 37 of the Insolvency and Bankruptcy Code (IBC). This includes information from various sources such as information utilities, credit systems, government agencies, and databases regulated by law. The liquidator must provide requested financial information to creditors within seven days or explain any delay. Regulation 9 of the IBBI (Liquidation Process) Regulations, 2016, allows the liquidator to seek cooperation from individuals associated with the corporate debtor, but only after reasonable efforts to obtain the information independently have failed.
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