Section 88M: Final Description of the Work Relating to Resolution to be Submitted

1) After Special Administration Team concludes the work relating to resolution, or after the tenure of such Group is over, or within fifteen days of the dissolution of such Group due to any reason, it shall have to submit the report to the Bank, along with the description relating to the work and action accomplished by it and account of profit and loss of the commercial bank or financial institution concerned, source of economic transaction and its utility, after preparing and getting it tested, and including it as well. Necessary recommendations shall be included in such a report regarding the steps to be taken by the Bank in the future in the context of this institution.

2) After the report is received as per sub-section (1), the Bank shall have to make necessary decision, by considering including the recommendation mentioned in such report, on the issue of arranging the operation of management as per Section 88 G or furnishing application to the court for the sake of liquidation of such commercial bank or financial institution as per Section 88O.