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of <h1>Liquidators must finalize liquidation in 270 or 90 days, with detailed Status Reports and audited accounts required for delays.</h1> The liquidator must complete the liquidation process and submit a Final Report within 270 days if creditors approve the resolution, or within 90 days in other cases. If the process exceeds these periods, the liquidator must hold a meeting with the corporate person's contributories within 15 days and every subsequent 270 or 90 days, as applicable. A Status Report detailing the liquidation's progress, stakeholder settlements, unsold assets, distributions, litigation developments, and reasons for delays must be filed with the Board within seven days of the contributories' meeting. The report should include audited accounts of liquidation-related receipts and payments.
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