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TMI BlogProgress reportsX X X X Extracts X X X X X X X X Extracts X X X X ..... solvency 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) The progress report shall ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (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 of the persons in favour of whom the property has been realised. (d) details of fee and remuneration due to and received by the bankruptcy ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r 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 for the financial year. (5) The progress reports shall be confidential during the bankruptcy process, unless the Adjudicating Authority permits any person to access it on specified terms and conditions. Illu ..... X X X X Extracts X X X X X X X X Extracts X X X X
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