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<h1>Custodian asset distribution: interim payments allowed to tax authorities and creditors from liquidated group assets subject to undertakings.</h1> The Custodian obtained Special Court approval to make interim disbursements from liquidated assets of the Harshad Mehta group to the Income Tax Department and creditor banks and financial institutions, subject to undertakings that funds will be returned if ordered, with additional corporate authorisation required from one bank; distributions were directed in accordance with the statutory priority of claims under Section 11 and remain under concurrent judicial review by the Special Court.