2.5.42:Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 | Companies Act Integrated Ready Reckoner|Companies Act 2013|CAIRR
   valid as on 08/04/2025

2.5.42:Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016

42. Distribution.

(1) Subject to the provisions of section 53, the liquidator shall not commence distribution before the list of stakeholders and the asset memorandum has been filed with the Adjudicating Authority.

(2) The liquidator shall distribute the proceeds from realization within six months ninety days from the receipt of the amount to the stakeholders.

(3) The insolvency resolution process costs, if any, and the liquidation costs shall be deducted before such distribution is made.


Insolvency and Bankruptcy Board of India (Liquidation Process) (Amendment) Regulations, 2019 dated 25.07.2019


Applicability of the Insolvency and Bankruptcy Board of India (Liquidation Process) (Amendment) Regulations, 2019 notified on 25th July, 2019


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