Section 84: Records of Assets and Liabilities

1) The Liquidator shall have to immediately prepare a record of the assets, liabilities or potential liabilities of the bank or financial institution being in mandatory liquidation as per this Act, and one copy of it shall be submitted to the Rastra Bank and one copy shall be retained at the concerned bank or financial institution.

2) The record to be prepared pursuant to sub-section (1) shall have to include the following details:-

(a) Liabilities towards the depositors and creditors of the bank or financial institution,

(b) Entire assets and all types of liabilities of the bank or financial institution, and its estimated costs,

(c) Contracts the bank or financial institution has entered into for procuring services,

(d) Significant transactions the bank or financial institution has made before six months of the date of the order issued for mandatory liquidation.

3) The record referred to in sub-section (1) shall have to be updated in every trimester and be made available when desired for inspection by the creditors.