Please find the following update under IBBI
| Form No | Period Covered and Scope | Timeline |
| LIQ -1 | From Commencement of Liquidation till Public Announcement: This includes details of the Liquidator, Corporate Debtor (CD), and the liquidator’s fee | On or before the 10th day of the subsequent month, after a public announcement has been made. |
| LIQ-2 | From Public Announcement till Progress Report: This includes details of valuation, sale, litigations, PUFE, SCC meetings, Receipts and Payments. | On or before the 10th day of the subsequent month, after submission of the Progress report to the AA |
| LIQ-3 | From last Progress Report to Application for Dissolution: This includes details of unclaimed proceeds, sale, litigations, PUFE, Realisation, distribution of proceeds, Receipts and Payments. (The details required in these forms are carried forward from the last Progress Report and hence need not be filled again) | On or before the 10th day of the subsequent month, after submission of the Dissolution /closure application to the AA. |
| LIQ 4 | From Application for Dissolution to Order for Dissolution: This includes details of, the distribution of proceeds, Receipts and Payments, etc. (The details required in these forms are carried forward from the last Progress Report and hence need not be filled again) | On or before the 14 days of passing of the order for dissolution of corporate debtor or closure of the liquidation process by the AA |
For ongoing cases: Cases in which no application for dissolution of the corporate debtor/closure of the liquidation process has been filed, shall file form LIQ 1 and LIQ 2 (for the March 24 quarter) latest by 30th September 2024.
For cases where an application for dissolution of the corporate debtor/closure of the liquidation process has been filed with AA, shall file forms LIQ 1 and LIQ 2 (for the last quarter of the process), and LIQ 3 by 30th September 2024.
For cases where an order for closure of the liquidation process or dissolution of the corporation debtor has been ordered by AA, shall file forms LIQ 1 and LIQ 2 (for the last quarter of the process), LIQ 3, and LIQ 4 by 30th September 2024.
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