Submission of claim
Regulation 16ofInsolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016
35[Submission of claim (1) A person, who claims to be a stakeholder, 36[shall submit its claim where not submitted during the corporate insolvency resolution process as on insolvency commencement date, within fourteen days of the liquidation commencement date.] (2) A person shall prove its claim for debt or dues to him, 37[ for the newly submitted claims, if any, as on the insolvency commencement date ].] 38[(3) A stakeholder shall update its claim as and when the claim is satisfied, partly or fully, from any source in any manner, after the insolvency commencement date.]