Filing of list of stakeholders under clause (d) of sub-regulation (5) of regulation 31 of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016

Last updated: 24 November 2021

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The Insolvency and Bankruptcy Board of India (IBBI) has issued a circular regarding the filing of stakeholder lists for liquidation processes. This update modifies the previous format to remove the 'Identification No.' column. This change is to prevent the public disclosure of sensitive personal information like Aadhaar or PAN card details, which are prone to misuse. Insolvency professionals must now use the revised format and submit the stakeholder list within three days of its preparation or modification.

Insolvency and Bankruptcy Board of India 7th Floor, Mayur Bhawan, Connaught Place, New Delhi 110001 CIRCULAR No. IBBI/LIQ/46/2021 24th November, 2021 To All Registered Insolvency Professionals All Recognised Insolvency Professional Entities All Registered Insolvency Professional Agencies (By mail to registered email addresses and on website of the IBBI) Dear Madam / Sir, Subject: Filing of list of stakeholders under clause (d) of sub-regulation (5) of regulation 31 of the Insolv

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FAQ :

The circular updates the process for filing stakeholder lists in liquidation cases, specifically by removing the 'Identification No.' column to protect sensitive personal data.

The column has been removed because details like Aadhaar and PAN card numbers are sensitive personal information that should not be published in the public domain to prevent misuse.

All Registered Insolvency Professionals, Recognised Insolvency Professional Entities, and Registered Insolvency Professional Agencies need to comply.

The revised stakeholder list must be filed within three days of its preparation or modification.

The revised format is provided in an Annexure to the circular.

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Notification No : No. IBBI/LIQ/46/2021 24th November, 2021
Published in LAW
Source : https://www.ibbi.gov.in/uploads/legalframwork/3ab0d547d310b77cb5716f57f45f1e9d.pdf

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