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of <h1>Liquidator Required to Submit Detailed Asset Sale Report Under Insolvency and Bankruptcy Board of India Regulations, 2016</h1> Upon the sale of an asset, the liquidator must prepare an asset sale report as per the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016. This report, included with Progress Reports, should detail the realized value, any costs incurred during realization, the sale's manner and mode, reasons for any discrepancy between realized and memorandum values, the purchaser's identity, and any additional sale details.
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