Deposit and withdrawal of unclaimed dividends and / or undistributed proceeds in accordance with regulation 46 of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 (Liquidation Regulations)

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....Place, New Delhi-110001 CIRCULAR No. IBBI/LIQ/69/2024 22nd February, 2024 To All Registered Insolvency Professionals All Recognised Insolvency Professional Entities All Registered Insolvency Professional Agencies (By mail to registered email addresses and on the website of the IBBI) Dear Madam/Sir, Sub: Deposit and withdrawal of unclaimed dividends and / or undistribu....

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....rporate Liquidation Account for withdrawal before the dissolution of the corporate debtor, the liquidator, after due verification, shall apply to the Board in the form as per Annexure, for the release of the amount for onward distribution to such stakeholder. 3. This is issued in exercise of the powers conferred under section 196 of the Insolvency and Bankruptcy Code, 2016. Yours faithfully,....

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....  8 Name of the stakeholder to whom the amount proposed to be distributed   9 S. No. at which name of stakeholders appeared in the list submitted to the Board   10 Reason for non-distribution of such an amount earlier   11 Justification for the present request   12   Details of the account where the amount is to be refunded....