Section 88F: New Balance Sheet to be Prepared

1) The Special Administration Team shall have to prepare a new balance sheet on the following grounds so as to reveal the actual condition of the commercial bank or financial institution that is subject to the process of the resolution as per Section 88A:

(a) On the ground of the net price of the property to be obtained,

(b) By adjusting the price of the liability to be distributed on the ground of priority as per Section 88I,

2) While preparing a new balance sheet as per sub-section (1), the method to determine liability shall be as prescribed.

3) The balance sheet prepared as per sub-section (1) and the detailed account relating to it shall have to be submitted to the Bank as prescribed.