Progress reports

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....rter up to the date of his so ceasing to act, within fifteen days of such cessation. (2) A Progress Report shall provide all information relevant to liquidation for the quarter, including- (a) appointment, tenure of appointment and cessation of appointment of professionals; ^5[(b) a statement indicating progress in liquidation, including-  (i) minutes of meetings of the committee, (ii) asset memorandum, (iii) sale report(s), (iv) settlement of list of stakeholders, (v) details of any property that remains to be sold and realised, (vi) distribution made to the stakeholders, and (vii) distribution of unsold property made to the stakeholders;] (c)....

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....Progress Report to be filed after cessation of his appointment. ^6[Illustration: An insolvency professional becomes a liquidator on 13th February, 2026, and ceases to act as liquidator on 12th June, 2026. He shall submit Progress Reports as under: Report No. Period covered in the Quarter Last Date of Submission of Report 1 13^th February - 31^st March, 2026 15^th April, 2026 2 April - 12^th June, 2026 27^th June, 2026 He shall submit the audited accounts of his receipts and payments as under: Audited Account No. Period covered in the Year Last Date of Submission 1 13^th February - 31^st March, 2026 15^....