Information memorandum.

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....icant and shall contain the following details of the corporate debtor-] 3[(a) assets and liabilities 10[including contingent liabilities] with such description, as on the insolvency commencement date, as are generally necessary for ascertaining their values. Explanation: "Description" includes the details such as date of acquisition, cost of acquisition, remaining useful life, identification number, depreciation charged, book value, 11[geographical coordinates of fixed assets] and any other relevant details.] (b) the latest annual financial statements; (c) audited financial statements of the corporate debtor for the last two financial years and provisional financial statements for the current financial year made up to a da....

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.... last available financial statements] 13[(ka) fair value: Provided that the committee may decide not to disclose the fair value if, for reasons to be recorded in writing, it considers such non-disclosure to be beneficial for the resolution process.] 1[***] 1[***] (l) other information, which the resolution professional deems relevant to the committee. (3) A member of the committee may request the resolution professional for further information of the nature described in this Regulation and the resolution professional shall provide such information to all members within reasonable time if such information has a bearing on the resolution plan 7[(3A) The creditors shall provide to the resolution professional the latest financial st....

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....te, classified into appropriate categories for easy identification, with estimated values assigned to each category;" 4. Substituted vide No. IBBI/2017-18/GN/REG024 - Dated 06-02-2018, before it was read as, "(4) The interim resolution professional or the resolution professional, as the case may be, shall share the information memorandum after receiving an undertaking from a member of the committee or a potential resolution applicant to the effect that such member or resolution applicant shall maintain confidentiality of the information and shall not use such information to cause an undue gain or undue loss to itself or any other person and comply with the requirements under section 29(2)." 5. Substituted vide Notification ....