World & BusinessIBBI allows liquidators to update stakeholder lists based on new information
The Economic Times reports that liquidators previously had to apply to an adjudicating authority—usually the National Company Law Tribunal—to modify stakeholder lists.
TLDR
The Economic Times reports that IBBI now allows liquidators to modify stakeholder lists based on new information. Under the earlier rules, liquidators could not change the list independently and had to apply to an adjudicating authority, usually the National Company Law Tribunal, for modifications.
IBBI allows liquidators to update stakeholder lists based on new information
The Economic Times reports that liquidators previously had to apply to an adjudicating authority—usually the National Company Law Tribunal—to modify stakeholder lists.
TLDR
The Economic Times reports that IBBI now allows liquidators to modify stakeholder lists based on new information. Under the earlier rules, liquidators could not change the list independently and had to apply to an adjudicating authority, usually the National Company Law Tribunal, for modifications.