The Insolvency Bankruptcy Board of India (IBBI) has revised its electronic forms for the liquidation process to reduce the compliance burden on insolvency professionals. These updated forms, LIQ-1 to LIQ-4, aim to eliminate duplication, rationalize data, and use technology for auto-population, streamlining filings. The revisions are expected to save time and effort while ensuring timely receipt of essential information. The new forms will be available on the IBBI website starting January 1, 2026, with existing forms discontinued from the same date.