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<h1>Liquidators Must Prepare Asset Memorandum: Regulation 34 Details Timelines and Confidentiality in Insolvency Proceedings</h1> Regulation 34 of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016, mandates the preparation of an asset memorandum by the liquidator. For cases under regulation 35(1), this must be done within 30 days, and for regulation 35(2), within 75 days from the liquidation commencement date. The memorandum should detail asset values, intended sale methods, expected realizations, and other relevant information. It must be filed with the Adjudicating Authority and shared with the Board and consultation committee members, who must maintain confidentiality. Amendments have refined the valuation and sharing processes over time.