Enhancing Transparency and Stakeholder Engagement in Liquidation Process

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....solvency Professional Entities All Registered Insolvency Professional Agencies (By mail to registered email addresses and on the website of the IBBI) Dear Madam/Sir, Sub: Enhancing Transparency and Stakeholder Engagement in Liquidation Process Circulation of progress reports to stakeholders 1. Regulation 15 of Insolvency and Bankruptcy Board of India (Liquidation Process) Regulat....

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....tion 15 till the filing of the final report under Regulation 45. Preparation of preliminary report 3. Regulation 13 of the Liquidation Regulations mandates the liquidator to submit a Preliminary Report to the AA detailing various aspects of the corporate debtor and the intended plan of action for carrying out the liquidation process. However, the present regulation lacks SCC consultation in ....