Progress reports

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....rovided that if an insolvency professional ceases to act as a bankruptcy trustee during the bankruptcy 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) The bankruptcy trustee shall send a copy of the progress report to the bankrupt at the time of submission of the report under sub-regulation (1). (3) ....

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....vant information. (c) an asset sale report with the following details of the assets realised- (i) realised value; (ii) cost of realisation; (iii) manner and mode of realisation, including details as per Schedule II; (iv) reasons for any reduction in the realisable value compared to the value mentioned in the preliminary report; and (v) details ....

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.... bankruptcy trustee showing the receipts and payments made during the period of the report, as well as cumulative receipts and payments made since the bankruptcy commencement date; and (j) any other relevant aspect of the bankruptcy process. (4) The progress report for the fourth quarter of the financial year shall enclose audited accounts of the receipts and payments of the bankrupt f....