Filing of Forms

137[Filing of Forms 138[(1) The liquidator shall file the Forms, along with enclosures thereto, as notified by Board, from time to time, on an electronic platform of the Board, as per the timelines stipulated for each form.] (2) The liquidator shall ensure that the Forms and its enclosures filed under this regulation are accurate and complete. 136 Inserted by Notification No. IBBI/2020-21/GN/REG060, dated 20th April, 2020 (w.e.f. 17.4.2020). 137 Inserted by Notification No. IBBI/2024-25/GN/REG121, dated 28th January 2025 (w.e.f. 29-01-2025). 138 Substituted by Notification No. IBBI/2025-26/GN/REG134, dated 02nd January, 2026 (w.e.f. 02-01-2026). Before substitution, it stood as under: “(1) The liquidator shall file the Forms, along with the enclosures thereto, on an electronic platform of the Board, as per the timelines stipulated against each Form, as per the Table below: - TABLE Form | Period Covered and Scope Timeline No. LIQ 1 From liquidation commencement date till public | On or before the 10th day of the subsequent announcement: This includes details of the | month, after a public announcement has been liquidator, corporate debtor, the liquidator’s fee, | made. etc. LIQ 2 From public announcement till Progress | On or before the 10th day of the subsequent Report: This includes details of valuation, sale, | month, after submission of each Progress litigations, avoidance of transactions, meetings of | Report to the Adjudicating Authority. consultation committee, receipts and payments, etc. LIQ 3 From final report to application for dissolution: | On or before the 10th day of the subsequent This includes details of unclaimed proceeds, sale, | month, after submission of the dissolution litigations, avoidance transactions, realisation, | /closure application to the Adjudicating distribution of proceeds, receipts and payments, etc. | Authority. LIQ 4 From application for dissolution to order of | On or before the 14th day of passing of the dissolution: This includes details of the distribution | order for dissolution of corporate debtor or of proceeds, receipts and payments, etc. | closure of the liquidation process by the Adjudicating Authority. ”

(3) The filing of a Form under this regulation after the due date of submission, whether by correction, updation or otherwise, shall be accompanied by a fee of five hundred rupees per Form for each calendar month of delay after the date notified by the Board. (4) The liquidator shall be liable to any action which the Board may take as deemed fit under the Code or any regulation made thereunder, including refusal to issue or renew Authorisation for Assignment, for - (i) failure to file a Form along with requisite information and records; (ii) inaccurate or incomplete information or records filed in or along with a Form; (iii) delay in filing the Form.]