Final report obligations require an account of liquidation, cost-variance explanation, and application for closure or dissolution. The liquidator must prepare a final report accounting for conduct of the liquidation and asset realisation, explain any excess of liquidation cost over the preliminary estimate, and submit an application with the final report and a compliance certificate to the adjudicating authority to seek closure where the corporate debtor was sold as a going concern or a sanctioned compromise exists, or to seek dissolution in other cases.