The Insolvency and Bankruptcy Board of India (IBBI) announced on Monday that it has extended the deadline for filing forms related to the monitoring of liquidations by an additional month, now set for December 31.
This extension comes in response to requests from liquidators and Insolvency Professional Agencies, who cited technical challenges and issues related to the form submission process, as noted in a communication to stakeholders.
Previously, the deadline had already been pushed back from September 30 to November 30.
The IBBI clarified that for ongoing and voluntary liquidation cases, the responsibility for filing all necessary forms rests with the Insolvency Professionals (IP) currently managing those cases. Furthermore, if an application for closure or dissolution has been submitted or an order for such has been issued, the relevant IP will be accountable for filing those documents.
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