Sr. No.

Checklist Item / Compliance Requirement

Status (✓/✗/N.A.)

1

Preserve records relating to the appointment of the liquidator, including terms of appointment.

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2

Preserve records relating to handing over and taking over of the assignment.

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3

Preserve records relating to admission of the corporate debtor into liquidation.

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4

Preserve the public announcement and related records.

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5

Preserve records relating to the constitution of the Consultation Committee and minutes of its meetings during the liquidation process.

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6

Preserve records relating to claims, verification of claims and the list of stakeholders.

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7

Preserve details relating to relinquishment or otherwise by secured creditors in the liquidation process.

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8

Preserve records relating to engagement of professionals, registered valuers, etc., including work done and reports submitted by them.

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9

Preserve records relating to invitation, consideration and approval of plans/proposals/schemes received in connection with going concern sale or compromise/arrangement under Section 230 of the Companies Act, 2013.

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10

Preserve copies of all filings made with the Adjudicating Authority, Appellate Authority, High Courts and Supreme Court, as applicable.

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11

Preserve copies of orders passed by the Adjudicating Authority, Appellate Authority, High Courts and Supreme Court, as applicable.

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12

Preserve records of statutory filings with the IBBI and Insolvency Professional Agencies.

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13

Preserve correspondence relating to the liquidation process.

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14

Preserve records relating to the cost of the liquidation process.

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15

Preserve all reports, registers and documents required under the Liquidation Regulations, including preliminary report, asset memorandum, progress reports, asset sale report, annual status report and final report prior to dissolution.

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16

Preserve the registers and books required to be maintained under Regulations 5 and 6 of the Liquidation Regulations.

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17

Preserve records relating to preferential transactions.

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18

Preserve records relating to undervalued transactions.

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19

Preserve records relating to extortionate credit transactions.

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20

Preserve records relating to fraudulent or wrongful trading.

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21

Preserve any other records necessary to give a complete account of the liquidation process.

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22

Preserve an electronic copy of all records, whether physical or electronic, for a minimum period of 8 years.

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23

Preserve a physical copy of records for a minimum period of 3 years.

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