Liquidator banking obligations: remit realizations promptly to designated bank and use cheques for large payments. All monies received by the Liquidator must be paid into the Public Account of India or a designated Scheduled Bank to the credit of an account in the Liquidator's official name, with daily realizations remitted without deduction by the next working day (allowing deferment until realizations exceed a small threshold). Payments out above that threshold are ordinarily by cheque, and the Tribunal may direct alternative arrangements for panel appointees. The Liquidator must keep a serially numbered remittance challan book and obtain bank acknowledgements for all deposits, with the form agreed with the Bank.