{"id":9184,"date":"2025-06-17T17:42:48","date_gmt":"2025-06-17T17:42:48","guid":{"rendered":"https:\/\/www.caindelhiindia.com\/blog\/?p=9184"},"modified":"2025-12-31T13:50:39","modified_gmt":"2025-12-31T13:50:39","slug":"new-ibbi-forms-liq-1-4-in-liquidation-reporting","status":"publish","type":"post","link":"https:\/\/www.caindelhiindia.com\/blog\/new-ibbi-forms-liq-1-4-in-liquidation-reporting\/","title":{"rendered":"New IBBI Forms LIQ 1\u20134 in Liquidation Reporting"},"content":{"rendered":"<h2 data-start=\"97\" data-end=\"174\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-4872\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/08\/Liquidation-Estate-under-the-IBC-Code.jpg\" alt=\"Liquidation Estate under the IBC Code\" width=\"1105\" height=\"663\" \/><\/h2>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69dad3584af51\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69dad3584af51\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.caindelhiindia.com\/blog\/new-ibbi-forms-liq-1-4-in-liquidation-reporting\/#New_IBBI_Forms_LIQ_1%E2%80%934_Introduced_to_Streamline_Liquidation_Reporting\" title=\"New IBBI Forms LIQ 1\u20134 Introduced to Streamline Liquidation Reporting\">New IBBI Forms LIQ 1\u20134 Introduced to Streamline Liquidation Reporting<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.caindelhiindia.com\/blog\/new-ibbi-forms-liq-1-4-in-liquidation-reporting\/#Purpose_of_Liquidation_Reporting_form_LIQ_Forms\" title=\"Purpose of\u00a0Liquidation Reporting form\u00a0LIQ Forms :\u00a0\">Purpose of\u00a0Liquidation Reporting form\u00a0LIQ Forms :\u00a0<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.caindelhiindia.com\/blog\/new-ibbi-forms-liq-1-4-in-liquidation-reporting\/#Key_Responsibilities_of_IPs_While_Filing_LIQ_and_VL_Forms\" title=\"Key Responsibilities of IPs While Filing LIQ and VL Forms\">Key Responsibilities of IPs While Filing LIQ and VL Forms<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.caindelhiindia.com\/blog\/new-ibbi-forms-liq-1-4-in-liquidation-reporting\/#Liquidation_filling_by_RP_Responsibility_Compliance\" title=\"Liquidation filling by RP Responsibility &amp; Compliance: \">Liquidation filling by RP Responsibility &amp; Compliance: <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.caindelhiindia.com\/blog\/new-ibbi-forms-liq-1-4-in-liquidation-reporting\/#Documents_to_Attach_While_Liquidation_Filing_LIQ-1\" title=\"Documents to Attach While\u00a0Liquidation\u00a0Filing LIQ-1 :\">Documents to Attach While\u00a0Liquidation\u00a0Filing LIQ-1 :<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.caindelhiindia.com\/blog\/new-ibbi-forms-liq-1-4-in-liquidation-reporting\/#Liquidation_filling_must_Attaching_Valuation_Reports_in_LIQ-2\" title=\"Liquidation filling must\u00a0Attaching Valuation Reports in LIQ-2 : \">Liquidation filling must\u00a0Attaching Valuation Reports in LIQ-2 : <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.caindelhiindia.com\/blog\/new-ibbi-forms-liq-1-4-in-liquidation-reporting\/#Normal_Liquidation_Filling_Sequential_Order_for_Filing_LIQ_Forms\" title=\"Normal\u00a0Liquidation Filling Sequential Order for Filing LIQ Forms: \">Normal\u00a0Liquidation Filling Sequential Order for Filing LIQ Forms: <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.caindelhiindia.com\/blog\/new-ibbi-forms-liq-1-4-in-liquidation-reporting\/#Liquidation_filling_mandatory_Details_in_LIQ-3\" title=\"Liquidation filling mandatory Details in LIQ-3\">Liquidation filling mandatory Details in LIQ-3<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.caindelhiindia.com\/blog\/new-ibbi-forms-liq-1-4-in-liquidation-reporting\/#Voluntary_Liquidation_Filing%E2%80%94VL-1_Filing\" title=\"Voluntary Liquidation Filing\u2014VL-1 Filing\">Voluntary Liquidation Filing\u2014VL-1 Filing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.caindelhiindia.com\/blog\/new-ibbi-forms-liq-1-4-in-liquidation-reporting\/#Liquidation_Reporting_SCC_Meeting_Details_in_LIQ-2\" title=\"Liquidation Reporting SCC Meeting Details in LIQ-2 : \">Liquidation Reporting SCC Meeting Details in LIQ-2 : <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.caindelhiindia.com\/blog\/new-ibbi-forms-liq-1-4-in-liquidation-reporting\/#Consequence_of_Non-Compliance_in_Liquidation_Voluntary_Liquidation_Cases\" title=\"Consequence of Non-Compliance in Liquidation &amp; Voluntary Liquidation Cases:\u00a0\">Consequence of Non-Compliance in Liquidation &amp; Voluntary Liquidation Cases:\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.caindelhiindia.com\/blog\/new-ibbi-forms-liq-1-4-in-liquidation-reporting\/#Liquidation_Voluntary_Liquidation_Filing_Requirement_for_Stayed_Cases\" title=\" Liquidation &amp; Voluntary Liquidation Filing Requirement for Stayed Cases : \"> Liquidation &amp; Voluntary Liquidation Filing Requirement for Stayed Cases : <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.caindelhiindia.com\/blog\/new-ibbi-forms-liq-1-4-in-liquidation-reporting\/#Liquidation_Voluntary_Liquidation_Filing_Requirement_for_CancelledWithdrawn_Cases\" title=\" Liquidation &amp; Voluntary Liquidation Filing Requirement for Cancelled\/Withdrawn Cases\"> Liquidation &amp; Voluntary Liquidation Filing Requirement for Cancelled\/Withdrawn Cases<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.caindelhiindia.com\/blog\/new-ibbi-forms-liq-1-4-in-liquidation-reporting\/#Liquidation_Voluntary_Liquidation_Forms_for_Final_Reports_Submitted_Before_28062024\" title=\" Liquidation &amp; Voluntary Liquidation Forms for Final Reports Submitted Before 28.06.2024 : \"> Liquidation &amp; Voluntary Liquidation Forms for Final Reports Submitted Before 28.06.2024 : <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.caindelhiindia.com\/blog\/new-ibbi-forms-liq-1-4-in-liquidation-reporting\/#Liquidation_Voluntary_Liquidation_Process_Closed_CD_Dissolved_Before_28062024\" title=\" Liquidation &amp; Voluntary Liquidation Process Closed \/ CD Dissolved Before 28.06.2024 :\"> Liquidation &amp; Voluntary Liquidation Process Closed \/ CD Dissolved Before 28.06.2024 :<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.caindelhiindia.com\/blog\/new-ibbi-forms-liq-1-4-in-liquidation-reporting\/#Liquidation_Filing_LIQ-2_for_Ongoing_Processes\" title=\" Liquidation Filing LIQ-2 for Ongoing Processes: \"> Liquidation Filing LIQ-2 for Ongoing Processes: <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/www.caindelhiindia.com\/blog\/new-ibbi-forms-liq-1-4-in-liquidation-reporting\/#In_case_of_Liquidation_Filing_Responsibility_When_Liquidator_is_Replaced\" title=\"In case of Liquidation Filing Responsibility When Liquidator is Replaced:\">In case of Liquidation Filing Responsibility When Liquidator is Replaced:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/www.caindelhiindia.com\/blog\/new-ibbi-forms-liq-1-4-in-liquidation-reporting\/#You_may_also_review_the_other_article\" title=\"You may also review the other article \">You may also review the other article <\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/www.caindelhiindia.com\/blog\/new-ibbi-forms-liq-1-4-in-liquidation-reporting\/#IBC_Services_Offered_by_IFCCL_Team\" title=\"IBC Services Offered by IFCCL Team\">IBC Services Offered by IFCCL Team<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/www.caindelhiindia.com\/blog\/new-ibbi-forms-liq-1-4-in-liquidation-reporting\/#Services_to_InvestorsBiddersCorporates\" title=\"Services to Investors\/Bidders\/Corporates\">Services to Investors\/Bidders\/Corporates<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/www.caindelhiindia.com\/blog\/new-ibbi-forms-liq-1-4-in-liquidation-reporting\/#Support_Services_to_Insolvency_Professionals_IPs\" title=\"Support Services to Insolvency Professionals (IPs)\">Support Services to Insolvency Professionals (IPs)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/www.caindelhiindia.com\/blog\/new-ibbi-forms-liq-1-4-in-liquidation-reporting\/#Independent_Advisory_Services\" title=\"Independent Advisory Services\">Independent Advisory Services<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 data-start=\"97\" data-end=\"174\"><span class=\"ez-toc-section\" id=\"New_IBBI_Forms_LIQ_1%E2%80%934_Introduced_to_Streamline_Liquidation_Reporting\"><\/span><span style=\"color: #000080;\"><strong data-start=\"101\" data-end=\"174\">New IBBI Forms LIQ 1\u20134 Introduced to Streamline Liquidation Reporting<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In the Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, if No resolution plan is received, or The maximum time period expires, and the Adjudicating Authority (AA) may order liquidation of the Corporate Debtor.\u00a0To strengthen oversight and improve compliance, the Insolvency and Bankruptcy Board of India has introduced four new electronic forms \u00a0designed to streamline the liquidation reporting process.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Purpose_of_Liquidation_Reporting_form_LIQ_Forms\"><\/span><span style=\"color: #000080;\"><strong data-start=\"708\" data-end=\"732\">Purpose of\u00a0<\/strong><strong data-start=\"101\" data-end=\"174\">Liquidation Reporting form\u00a0<\/strong><strong data-start=\"708\" data-end=\"732\">LIQ Forms :\u00a0<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>RP Ensure accurate completion of all fields.\u00a0Submit comprehensive details and required documents. Only one of each form (LIQ-1, LIQ-3, LIQ-4, VL-1, VL-3, VL-4) should be filed per Corporate Debtor (CD).\u00a0These forms ensure Efficient reporting from liquidation commencement to dissolution. Timely, accurate, and structured submission of liquidation data, Regulatory compliance by liquidators &amp; electronic\u00a0filing is mandatory.\u00a0Timelines are prescribed for each form.\u00a0Only one form per corporate debtor\u00a0should be filed for each stage.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Responsibilities_of_IPs_While_Filing_LIQ_and_VL_Forms\"><\/span><a href=\"https:\/\/carajput.com\/blog\/liquidation-voluntary-liquidation-forms\/\"><span style=\"color: #000080;\">Key Responsibilities of IPs While Filing LIQ and VL Forms<\/span><\/a><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3 data-start=\"97\" data-end=\"174\"><span class=\"ez-toc-section\" id=\"Liquidation_filling_by_RP_Responsibility_Compliance\"><\/span><span style=\"color: #000080;\"><strong data-start=\"101\" data-end=\"174\">Liquidation filling by RP <\/strong><strong data-start=\"1385\" data-end=\"1416\">Responsibility &amp; Compliance: <\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li data-start=\"1381\" data-end=\"1416\"><span style=\"font-size: 16px;\">The <\/span>Liquidator<span style=\"font-size: 16px;\"> (either the existing RP or a new appointee) must ensure <\/span>Timely<span style=\"font-size: 16px;\"> and <\/span>complete submission, Accuracy<span style=\"font-size: 16px;\"> in data reporting, <\/span>Attachment<span style=\"font-size: 16px;\"> of relevant documents. <\/span>Non-compliance<span style=\"font-size: 16px;\"> may lead to <\/span>Rejection of AFA (Authorisation for Assignment) &amp; Regulatory action<span style=\"font-size: 16px;\"> by IBBI<\/span><\/li>\n<\/ul>\n<h3 data-start=\"512\" data-end=\"561\"><span class=\"ez-toc-section\" id=\"Documents_to_Attach_While_Liquidation_Filing_LIQ-1\"><\/span><span style=\"color: #000080;\"><strong data-start=\"516\" data-end=\"561\">Documents to Attach While\u00a0<\/strong><strong data-start=\"101\" data-end=\"174\">Liquidation\u00a0<\/strong><strong data-start=\"516\" data-end=\"561\">Filing LIQ-1 :<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li data-start=\"512\" data-end=\"561\"><span style=\"font-size: 16px;\">List of documents received from the Resolution Professional as an <\/span>undertaking<span style=\"font-size: 16px;\"> (even if RP continues as Liquidator). and <\/span>Public Announcement<span style=\"font-size: 16px;\"> and <\/span>Liquidation Order.<\/li>\n<\/ul>\n<h3 data-start=\"97\" data-end=\"174\"><span class=\"ez-toc-section\" id=\"Liquidation_filling_must_Attaching_Valuation_Reports_in_LIQ-2\"><\/span><span style=\"color: #000080;\"><strong data-start=\"101\" data-end=\"174\">Liquidation filling must\u00a0<\/strong><strong data-start=\"752\" data-end=\"795\">Attaching Valuation Reports in LIQ-2 : <\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li data-start=\"748\" data-end=\"795\">Fresh valuation required to be <span style=\"font-size: 16px;\">Attach under &#8220;Other Relevant Documents&#8221;.\u00a0 and it is to be noted that <\/span>No fresh valuation required to a<span style=\"font-size: 16px;\">ttach a previous report under the same category. morover liquidation<\/span><span style=\"font-size: 16px;\">\u00a0value in LIQ-2 must match the attached valuation report.\u00a0<\/span><\/li>\n<\/ul>\n<h3 data-start=\"1011\" data-end=\"1059\"><span class=\"ez-toc-section\" id=\"Normal_Liquidation_Filling_Sequential_Order_for_Filing_LIQ_Forms\"><\/span><span style=\"color: #000080;\"><strong data-start=\"1015\" data-end=\"1059\">Normal\u00a0<\/strong><strong data-start=\"101\" data-end=\"174\">Liquidation Filling <\/strong><strong data-start=\"1015\" data-end=\"1059\">Sequential Order for Filing LIQ Forms: <\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li data-start=\"1011\" data-end=\"1059\"><span style=\"color: #000080;\"><strong><span style=\"font-size: 16px;\">RP Must be filed in order: <\/span>LIQ-1 \u2192 LIQ-2 \u2192 LIQ-3 \u2192 LIQ-4<\/strong><\/span><\/li>\n<\/ul>\n<h3 data-start=\"97\" data-end=\"174\"><span class=\"ez-toc-section\" id=\"Liquidation_filling_mandatory_Details_in_LIQ-3\"><\/span><span style=\"color: #000080;\"><strong data-start=\"101\" data-end=\"174\">Liquidation filling m<\/strong><strong data-start=\"1131\" data-end=\"1164\">andatory Details in LIQ-3<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul data-start=\"1165\" data-end=\"1445\">\n<li data-start=\"1165\" data-end=\"1196\">\n<p data-start=\"1167\" data-end=\"1196\">Point G: Amount realized.<\/p>\n<\/li>\n<li data-start=\"1197\" data-end=\"1247\">\n<p data-start=\"1199\" data-end=\"1247\">Point H: Distribution as per Section 53.<\/p>\n<\/li>\n<li data-start=\"1248\" data-end=\"1319\">\n<p data-start=\"1250\" data-end=\"1319\">Point I: Security interest not relinquished under Section 52.<\/p>\n<\/li>\n<li data-start=\"1320\" data-end=\"1445\">\n<p data-start=\"1322\" data-end=\"1445\">Realization from all sources must match total distribution including CIRP cost, liquidation cost, and liquidator\u2019s fee.<\/p>\n<\/li>\n<\/ul>\n<h3 data-start=\"1452\" data-end=\"1491\"><span class=\"ez-toc-section\" id=\"Voluntary_Liquidation_Filing%E2%80%94VL-1_Filing\"><\/span><span style=\"color: #000080;\"><strong>Voluntary Liquidation Filing\u2014VL-1 Filing<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li data-start=\"1452\" data-end=\"1491\">RP must made the critical Check that the correct liquidation commencement date\u00a0<span style=\"font-size: 16px;\">must be based on the special resolution<\/span><span style=\"font-size: 16px;\">\u00a0or <\/span>EGM date<span style=\"font-size: 16px;\">.<\/span><\/li>\n<\/ul>\n<h3 data-start=\"97\" data-end=\"174\"><span class=\"ez-toc-section\" id=\"Liquidation_Reporting_SCC_Meeting_Details_in_LIQ-2\"><\/span><span style=\"color: #000080;\"><strong data-start=\"101\" data-end=\"174\">Liquidation <\/strong>Reporting SCC Meeting Details in LIQ-2 : <\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li data-start=\"97\" data-end=\"174\">Yes<span style=\"font-size: 16px;\">, mandatory. Fill <\/span>Point No. 7<span style=\"font-size: 16px;\"> and upload related documents under &#8220;Other Relevant Documents&#8221;.<\/span><\/li>\n<\/ul>\n<h3 data-start=\"1767\" data-end=\"1807\"><span class=\"ez-toc-section\" id=\"Consequence_of_Non-Compliance_in_Liquidation_Voluntary_Liquidation_Cases\"><\/span><span style=\"color: #000080;\">Consequence of Non-Compliance in <strong data-start=\"101\" data-end=\"174\">Liquidation &amp; Voluntary Liquidation Cases:\u00a0<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li data-start=\"1767\" data-end=\"1807\">Rejection of AFA (Authorisation for Assignment)<span style=\"font-size: 16px;\"> application if guidelines are not followed.<\/span><\/li>\n<\/ul>\n<h3 data-start=\"1767\" data-end=\"1807\"><span class=\"ez-toc-section\" id=\"Liquidation_Voluntary_Liquidation_Filing_Requirement_for_Stayed_Cases\"><\/span><span style=\"color: #000080;\"> <strong data-start=\"101\" data-end=\"174\">Liquidation &amp; Voluntary Liquidation <\/strong>Filing Requirement for Stayed Cases : <\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li data-start=\"1767\" data-end=\"1807\">Yes<span style=\"font-size: 16px;\">, forms must still be filed to ensure proper documentation.<\/span><\/li>\n<\/ul>\n<h3 data-start=\"1767\" data-end=\"1807\"><span class=\"ez-toc-section\" id=\"Liquidation_Voluntary_Liquidation_Filing_Requirement_for_CancelledWithdrawn_Cases\"><\/span><span style=\"color: #000080;\"> <strong data-start=\"101\" data-end=\"174\">Liquidation &amp; Voluntary Liquidation <\/strong>Filing Requirement for Cancelled\/Withdrawn Cases<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul data-start=\"2095\" data-end=\"2251\">\n<li data-start=\"2095\" data-end=\"2169\">\n<p data-start=\"2097\" data-end=\"2169\">LIQ-1, LIQ-2 (select &#8216;Cancelled&#8217;) must be filed with available data.<\/p>\n<\/li>\n<li data-start=\"2170\" data-end=\"2196\">\n<p data-start=\"2172\" data-end=\"2196\">LIQ-3 not mandatory.<\/p>\n<\/li>\n<li data-start=\"2197\" data-end=\"2251\">\n<p data-start=\"2199\" data-end=\"2251\">File LIQ-4 (with the \u2018cancelled\u2019 status marked).<\/p>\n<\/li>\n<\/ul>\n<h3 data-start=\"1767\" data-end=\"1807\"><span class=\"ez-toc-section\" id=\"Liquidation_Voluntary_Liquidation_Forms_for_Final_Reports_Submitted_Before_28062024\"><\/span><span style=\"color: #000080;\"> <strong data-start=\"101\" data-end=\"174\">Liquidation &amp; Voluntary Liquidation <\/strong>Forms for Final Reports Submitted Before 28.06.2024 : <\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li data-start=\"1767\" data-end=\"1807\"><span style=\"color: #000080;\">The Liquidation <\/span><span style=\"font-size: 16px;\">File must be completed while filling out the <\/span>LIQ-1<span style=\"font-size: 16px;\">, <\/span>LIQ-2<span style=\"font-size: 16px;\"> (for last reported quarter), and <\/span>LIQ-3.<\/li>\n<\/ul>\n<h3 data-start=\"1767\" data-end=\"1807\"><span class=\"ez-toc-section\" id=\"Liquidation_Voluntary_Liquidation_Process_Closed_CD_Dissolved_Before_28062024\"><\/span><span style=\"color: #000080;\"> <strong data-start=\"101\" data-end=\"174\">Liquidation &amp; Voluntary Liquidation <\/strong>Process Closed \/ CD Dissolved Before 28.06.2024 :<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li data-start=\"2401\" data-end=\"2460\"><span style=\"font-size: 16px;\"><span style=\"color: #000080;\">Liquidation <\/span>File must be completing <\/span>LIQ-1<span style=\"font-size: 16px;\">, <\/span>LIQ-2<span style=\"font-size: 16px;\"> (last quarter), <\/span>LIQ-3<span style=\"font-size: 16px;\">, and <\/span>LIQ-4<span style=\"font-size: 16px;\">.<\/span><\/li>\n<\/ul>\n<h3 data-start=\"1767\" data-end=\"1807\"><span class=\"ez-toc-section\" id=\"Liquidation_Filing_LIQ-2_for_Ongoing_Processes\"><\/span><span style=\"color: #000080;\"> <strong data-start=\"101\" data-end=\"174\">Liquidation <\/strong>Filing LIQ-2 for Ongoing Processes: <\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li data-start=\"1767\" data-end=\"1807\"><span style=\"font-size: 16px;\">It must be to be noted that Only from <\/span>March 2024 onward<span style=\"font-size: 16px;\">. No need to back-file for earlier quarters.<\/span><\/li>\n<\/ul>\n<h3 data-start=\"2669\" data-end=\"2730\"><span class=\"ez-toc-section\" id=\"In_case_of_Liquidation_Filing_Responsibility_When_Liquidator_is_Replaced\"><\/span><span style=\"color: #000080;\">In case of <strong data-start=\"101\" data-end=\"174\">Liquidation <\/strong>Filing Responsibility When Liquidator is Replaced:<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li data-start=\"2669\" data-end=\"2730\"><span style=\"font-size: 16px;\">RP responsibility lies with the current liquidator or the last<\/span>\u00a0acting liquidator<span style=\"font-size: 16px;\"> before replacement.<\/span><\/li>\n<\/ul>\n<p><span style=\"color: #000080;\"><strong data-olk-copy-source=\"MessageBody\">Our key offerings include:<\/strong><\/span><\/p>\n<ul>\n<li>Initiation\/Defense of CIRP and liquidation cases<\/li>\n<li>Resolution plan drafting and negotiation<\/li>\n<li>Legal support to Resolution Professionals<\/li>\n<li>Representation before NCLT\/NCLAT<\/li>\n<li>Compliance, due diligence, and stakeholder coordination<\/li>\n<\/ul>\n<p>We would be honored if you consider referring clients seeking legal expertise in insolvency proceedings, corporate law compliance, and restructuring. We assure the highest level of professionalism, responsiveness, and legal insight<\/p>\n<h3><span class=\"ez-toc-section\" id=\"You_may_also_review_the_other_article\"><\/span><strong>You may also review the other article <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><a href=\"https:\/\/www.caindelhiindia.com\/learn\/four-pillars-of-the-insolvency-bankruptcy-code\">Four Pillars of the Insolvency &amp; Bankruptcy Code<\/a><\/li>\n<li><a href=\"https:\/\/www.caindelhiindia.com\/blog\/category\/insolvency-and-bankruptcy-code\/\">Category: Insolvency and Bankruptcy Code<\/a><\/li>\n<li><a href=\"https:\/\/www.caindelhiindia.com\/blog\/checklist-of-compliance-requirements-for-rps\/\">checklist of compliance requirements for RPs under IBC<\/a><\/li>\n<li><a href=\"https:\/\/www.caindelhiindia.com\/blog\/initiation-of-liquidation-under-the-ibc\/\">Overview on Initiation of Liquidation under the IBC<\/a><\/li>\n<li><a href=\"https:\/\/www.caindelhiindia.com\/learn\/penalty-insolvency-professional-under-ibc-regulations\">Penalty Insolvency Professional under IBC regulations.<\/a><\/li>\n<li><a href=\"https:\/\/www.caindelhiindia.com\/blog\/afa-under-ibc\/\">Overview on Mandatory Requirement of AFA under IBC Code<\/a><\/li>\n<li><a href=\"https:\/\/www.caindelhiindia.com\/blog\/dos-donts-for-ips-during-moratorium-under-ibc\/\">Do\u2019s &amp; Don\u2019ts for IPs During Moratorium under IBC<\/a><\/li>\n<li><a href=\"https:\/\/carajput.com\/blog\/tag\/ibc-regulation\/\">IBC Regulation<\/a><\/li>\n<li><a href=\"https:\/\/carajput.com\/services\/ibc-help-homebuyers.php\">IBC Help Homebuyers<\/a><\/li>\n<\/ul>\n<h2 data-start=\"182\" data-end=\"219\"><span class=\"ez-toc-section\" id=\"IBC_Services_Offered_by_IFCCL_Team\"><\/span><span style=\"color: #000080;\"><strong data-start=\"182\" data-end=\"219\">IBC Services Offered by IFCCL Team<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3 data-start=\"226\" data-end=\"281\"><span class=\"ez-toc-section\" id=\"Services_to_InvestorsBiddersCorporates\"><\/span><span style=\"color: #000080;\"><strong data-start=\"230\" data-end=\"281\">Services to Investors\/Bidders\/Corporates<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul data-start=\"282\" data-end=\"686\">\n<li data-start=\"282\" data-end=\"353\">\n<p data-start=\"284\" data-end=\"353\">Drafting of Resolution, Settlement, Repayment &amp; Restructuring Plans<\/p>\n<\/li>\n<li data-start=\"354\" data-end=\"449\">\n<p data-start=\"356\" data-end=\"449\">Assisting MSMEs in preparing Base Resolution Plans under the Pre-Packaged Insolvency Scheme<\/p>\n<\/li>\n<li data-start=\"450\" data-end=\"517\">\n<p data-start=\"452\" data-end=\"517\">Viability assessment of the corporate debtor\u2019s business during CIRP<\/p>\n<\/li>\n<li data-start=\"518\" data-end=\"567\">\n<p data-start=\"520\" data-end=\"567\">Support in Implementation of Resolution Plans<\/p>\n<\/li>\n<li data-start=\"568\" data-end=\"612\">\n<p data-start=\"570\" data-end=\"612\">Structuring viable Restructuring Schemes<\/p>\n<\/li>\n<li data-start=\"613\" data-end=\"686\">\n<p data-start=\"615\" data-end=\"686\">Guidance on provisioning by banks with reference to wilful defaulters<\/p>\n<\/li>\n<\/ul>\n<h3 data-start=\"693\" data-end=\"754\"><span class=\"ez-toc-section\" id=\"Support_Services_to_Insolvency_Professionals_IPs\"><\/span><span style=\"color: #000080;\"><strong data-start=\"697\" data-end=\"754\">Support Services to Insolvency Professionals (IPs)<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul data-start=\"755\" data-end=\"1121\">\n<li data-start=\"755\" data-end=\"787\">\n<p data-start=\"757\" data-end=\"787\">End-to-end Claims Processing<\/p>\n<\/li>\n<li data-start=\"788\" data-end=\"843\">\n<p data-start=\"790\" data-end=\"843\">Managing operations of the corporate debtor during CIRP<\/p>\n<\/li>\n<li data-start=\"844\" data-end=\"900\">\n<p data-start=\"846\" data-end=\"900\">Conducting Section 29A disqualification verification<\/p>\n<\/li>\n<li data-start=\"901\" data-end=\"946\">\n<p data-start=\"903\" data-end=\"946\">Preparation of RFRP and Evaluation Matrix<\/p>\n<\/li>\n<li data-start=\"947\" data-end=\"992\">\n<p data-start=\"949\" data-end=\"992\">Designing Frameworks for Resolution Plans<\/p>\n<\/li>\n<li data-start=\"993\" data-end=\"1062\">\n<p data-start=\"995\" data-end=\"1062\">Evaluation of submitted Resolution \/ Settlement \/ Repayment Plans<\/p>\n<\/li>\n<li data-start=\"1063\" data-end=\"1121\">\n<p data-start=\"1065\" data-end=\"1121\">Acting as Scrutinizer for E-voting during COC meetings<\/p>\n<\/li>\n<\/ul>\n<h3 data-start=\"1128\" data-end=\"1168\"><span class=\"ez-toc-section\" id=\"Independent_Advisory_Services\"><\/span><span style=\"color: #000080;\"><strong data-start=\"1132\" data-end=\"1168\">Independent Advisory Services<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul data-start=\"1169\" data-end=\"1630\">\n<li data-start=\"1169\" data-end=\"1208\">\n<p data-start=\"1171\" data-end=\"1208\">Advisory on Admissibility of Claims<\/p>\n<\/li>\n<li data-start=\"1209\" data-end=\"1244\">\n<p data-start=\"1211\" data-end=\"1244\">Legal validity of CoC decisions<\/p>\n<\/li>\n<li data-start=\"1245\" data-end=\"1302\">\n<p data-start=\"1247\" data-end=\"1302\">Guidance on powers and duties of directors under CIRP<\/p>\n<\/li>\n<li data-start=\"1303\" data-end=\"1396\">\n<p data-start=\"1305\" data-end=\"1396\">Advisory on Resolution\/Settlement\/Repayment Plans (including for Personal Guarantors)<\/p>\n<\/li>\n<li data-start=\"1397\" data-end=\"1467\">\n<p data-start=\"1399\" data-end=\"1467\">Preparation of Due Diligence Reports on NPA\/SPA accounts for banks<\/p>\n<\/li>\n<li data-start=\"1468\" data-end=\"1571\">\n<p data-start=\"1470\" data-end=\"1571\">Assistance in issuance of notices and filing of applications under Section 95 (Personal Guarantors)<\/p>\n<\/li>\n<li data-start=\"1572\" data-end=\"1630\">\n<p data-start=\"1574\" data-end=\"1630\">Proxy advisory services for Institutional Shareholders<\/p>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>New IBBI Forms LIQ 1\u20134 Introduced to Streamline Liquidation Reporting In the Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, if No resolution plan is received, or The maximum time period expires, and the Adjudicating Authority (AA) may order liquidation of the Corporate Debtor.\u00a0To strengthen oversight and improve compliance, the Insolvency and Bankruptcy &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[658],"tags":[1188],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/9184"}],"collection":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/comments?post=9184"}],"version-history":[{"count":5,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/9184\/revisions"}],"predecessor-version":[{"id":9859,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/9184\/revisions\/9859"}],"wp:attachment":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/media?parent=9184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/categories?post=9184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/tags?post=9184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}