IBBI circular IBBI/LIQ/80/2025 · 09 Jan 2025
Official title
Circular - Extension of time for filing Forms to monitor liquidation and voluntary liquidation processes under the Insolvency and Bankruptcy Code, 2016, and the regulations made thereunder
Official record
Open source pageSummary
Check the official recordThe Insolvency and Bankruptcy Board of India has extended the deadline for liquidators to submit forms related to liquidation and voluntary liquidation processes under the Insolvency and Bankruptcy Code, 2016. This extension follows representations from liquidators and Insolvency Professional Agencies regarding technical difficulties encountered during the submission process. The new deadline for filing these forms is March 31, 2025. Additionally, the Board has noted instances of incorrect information being submitted, such as the entry of zero values. Consequently, Insolvency Professionals are required to ensure that all data provided is accurate, truthful, and consistent with the attached supporting documentation. Technical issues may be reported to the designated support email address, and guidance is available via the FAQs on the IBBI website.
What you must do
Key dates
Who is affected
Insolvency and Bankruptcy Board of India 7th Floor, Mayur Bhawan, Connaught Place, New Delhi-110001
CIRCULAR
No. IBBI/LIQ/80/2025
09th January, 2025
To
All Registered Insolvency Professionals All Recognised Insolvency Professional Entities, and All Registered Insolvency Professional Agencies
(By mail to registered email addresses and on the website of the IBBI)
Dear Madam / Sir,
Subject: Extension of time for filing Forms to monitor liquidation and voluntary liquidation processes under the Insolvency and Bankruptcy Code, 2016, and the regulations made thereunder.
Vide Circulars No. IBBI/LIQ/73/2024 and No. IBBI/LIQ/74/2024 dated 28.06.2024, the liquidators were directed to file forms relating to the liquidation and voluntary liquidation process latest by 30.09.2024. The last date was extended till 31.12.2024 vide Circular No. No. IBBI/LIQ/79/2024 dated 02.12.2024.
In this regard, representations have been received from the liquidators and Insolvency Professional Agencies for extending the date citing the technicalities and issues involved in the submission of the forms.
Considering the above-mentioned representations and difficulties faced by the liquidators, it has been decided to extend the last date of submission of the liquidation and voluntary liquidation forms till 31.03.2025. In case of any clarification, the Frequently Asked Questions (FAQs) as available on www.ibbi.gov.in may be referred. Further, any technical issues or difficulties in filing may be reported to support.form@ibbi.gov.in.
Furthermore, it has been observed that some IPs have been submitting incorrect information in the forms, such as entering zero values in all fields. In this regard, it is directed that IPs shall ensure the information submitted is accurate, truthful, and consistent with the supporting documents attached.
This is issued in exercise of the powers under sub-section (1) of section 196 of the Insolvency and Bankruptcy Code, 2016.
Yours faithfully,
Sd/-
(Rajesh Tiwari) General Manager
