IBBI allows time till 31 March 2025 for filing Forms to Monitor Liquidations process under IBC

The Insolvency and Bankruptcy Board of India (IBBI) has granted an extension until 31st March 2025 for filing forms related to the monitoring of liquidation processes under the Insolvency and Bankruptcy Code (IBC). The extension is aimed at allowing stakeholders more time to comply with the filing requirements. The IBBI’s decision comes in response to requests from professionals involved in the liquidation process who needed more time due to procedural delays. This move is expected to streamline the liquidation process and ensure that companies undergoing liquidation comply with the necessary formalities, contributing to better regulatory oversight and transparency.