TaxTMI 
TaxTMI 
Progress reports
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.... appointed; (b) subsequent Progress Report(s) within fifteen days after the end of every quarter during which he acts as liquidator; and Provided that if an insolvency professional ceases to act as a liquidator during the liquidation process, he shall file a Progress Report for the quarter up to the date of his so ceasing to act, within fifteen days of such cessation. (2) A Progress Report shal....
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....the liquidator, whether paid or not; (d) developments in any material litigation, by or against the corporate debtor; (e) filing of, and developments in applications for avoidance of transactions 1[under Part II] of the Code; and (f) changes, if any, in estimated liquidation costs. (3) A Progress Report shall enclose an account maintained by the liquidator showing- (a) his receipts and paymen....
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....solvency professional becomes a liquidator on 13th February, 2017, and ceases to act as liquidator on 12th February, 2019. He shall submit Progress Reports as under: Report No. Period covered in the Quarter Last Date of Submission of Report 1 13th February - 31st March, 2017 15th April, 2017 2 April - June, 2017 15th July, 2017 3 July - September, 2017 15th October, 2017 4 October - ....