Liquidation progress report requires monthly filing of dissolution application details, realizations, priority distributions, receipts/payments and attachments. Form LIQ-3 mandates monthly progress reporting by the liquidator following an application for dissolution/closure under Regulation 45(3). It requires filing details and attachments, disclosure of proceeds to the Corporate Liquidation Account, schedules of assets realised and unrealised with estimated realizable values, itemised realisations and receipts, and a tabulated distribution statement aligned with Section 53 priorities. The form also records security interests not relinquished under section 52, a full receipts-and-payments reconciliation, and specified attachments and declaration by the insolvency professional.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Liquidation progress report requires monthly filing of dissolution application details, realizations, priority distributions, receipts/payments and attachments.
Form LIQ-3 mandates monthly progress reporting by the liquidator following an application for dissolution/closure under Regulation 45(3). It requires filing details and attachments, disclosure of proceeds to the Corporate Liquidation Account, schedules of assets realised and unrealised with estimated realizable values, itemised realisations and receipts, and a tabulated distribution statement aligned with Section 53 priorities. The form also records security interests not relinquished under section 52, a full receipts-and-payments reconciliation, and specified attachments and declaration by the insolvency professional.
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