Voluntary Liquidation Regulation 30 of IBBI (Voluntary Liquidation Process) Regulations, 2017 – List of stakeholders

The Insolvency and Bankruptcy Code, 2016 IBBI (Voluntary Liquidation Process) Regulations, 2017 Chapter – V Claims Regulation 30: List […]

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The Insolvency and Bankruptcy Code, 2016

IBBI (Voluntary Liquidation Process) Regulations, 2017

Chapter – V Claims

Regulation 30: List of stakeholders.

30. (1) The liquidator shall prepare a list of stakeholders on the basis of proofs of claims submitted and accepted under these Regulations, with-

(a) the amounts of claim admitted, if applicable,

(b) the extent to which the debts or dues are secured or unsecured, if applicable,

(c) the details of the stakeholders, and

(d) the proofs admitted or rejected in part, and the proofs wholly rejected.

(2) The liquidator shall prepare the list of stakeholders within forty-five days from the last date for receipt of claims.

1[Provided that where no claim from creditors has been received till the last date for receipt of claims, the liquidator shall prepare the list of stakeholders within fifteen days from the last date for receipt of claims.]

(3) The list of stakeholders, as modified from time to time, shall be-

(a) available for inspection by the persons who submitted proofs of claim;

(b) available for inspection by members, partners, directors and guarantors of the corporate person;

(c) displayed on the website, if any, of the corporate person;

(d) displayed on the website, if any, designated by the Board for this purpose.


References

1. Inserted by IBBI (Voluntary Liquidation Process) (Amendment) Regulations, 2022 vide Notification No. IBBI/2022-23/GN/REG.081 dated 5th April, 2022, w.e.f. 05.04.2022.



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