Asset sale reporting requirement: liquidator must record sale value, costs, method, buyer and explain any shortfall. A mandatory asset sale report must be prepared by the liquidator on sale of an asset and enclosed with progress reports, recording the realized value, costs of realization, manner and mode of sale, identity of the purchaser, reasons where realization is below the asset memorandum value, and any other material particulars to ensure transparency and accountability in asset disposals during liquidation.