Explain the provisions related to presentation of Annual Status Report by Liquidator during completion of liquidation.

As per regulation 37 of the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017-the Liquidator shall present an Annual Status Report(s) indicating progress in liquidation, including- settlement of list of stakeholders; details of any assets that remains to be sold and realized; distribution made to the stakeholders; and distribution of unsold assets made to the stakeholders; developments in any material litigation, by or against the corporate person; and filing of, and developments in applications for avoidance of transactions in accordance with Chapter III of Part II of the Code. The Annual Status Report shall enclose the audited accounts of the liquidation showing the receipts and payments pertaining to liquidation since the liquidation commencement date.