117. (1) The resolution professional shall within fourteen days of the
completion of the repayment plan, forward to the persons who are bound by
the repayment plan under section 115 and the Adjudicating Authority, the
following documents, namely:-
(a) a notice that the repayment plan has been fully implemented; and (b) a
copy of a report by the resolution professional summarising all receipts and
payments made in pursuance of the repayment plan and extent of the
implementation of such plan as compared with the repayment plan approved by
the meeting of the creditors.
(2) The resolution professional may apply to the Adjudicating Authority to
extend the time mentioned in sub-section (1) for such further period not
exceeding seven days.