The Insolvency and Bankruptcy Board of India on 4th March 2021 has published the Insolvency and Bankruptcy Board of India (Liquidation Process) (Amendment) Regulations, 2021 to further amend the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016.
The Amendment is brought under regulation 31 (2) which has directed the liquidator to file the list of stakeholders with the Adjudicating Authority within forty-five days from the last date for receipt of the claims.
Further, under regulation 51(5)(C) , the list of stakeholders, as modified from time to time, shall be filed on the electronic platform of the Board for dissemination on its website, Provided that this clause shall apply to every liquidation process ongoing and commencing on or after the date of commencement of the Insolvency and Bankruptcy Board of India (Liquidation Process) (Amendment) Regulations, 2021.
