https://www.taxtmi.com/caselaws?id=408840 The National Company Law Tribunal, Kolkata Bench, directed the release of lien/attachment on all bank accounts of a Corporate Debtor, emphasizing the Resolution Professional's access to funds for the Corporate Insolvency Resolution Process (CIRP). The Tribunal also instructed the use of unclaimed deposits for creditors and payment of employees' salaries, emphasizing cooperation from banks and authorities in providing necessary information. It underscored the efficient utilization of funds for the CIRP to maintain the Corporate Debtor as a going concern. The case concluded with directions for compliance with the Tribunal's orders. en-us Mon, 14 Jun 2021 00:00:00 +0530 Wed, 23 Jun 2021 10:10:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408840 The National Company Law Tribunal, Kolkata Bench, directed the release of lien/attachment on all bank accounts of a Corporate Debtor, emphasizing the Resolution Professional's access to funds for the Corporate Insolvency Resolution Process (CIRP). The Tribunal also instructed the use of unclaimed deposits for creditors and payment of employees' salaries, emphasizing cooperation from banks and authorities in providing necessary information. It underscored the efficient utilization of funds for the CIRP to maintain the Corporate Debtor as a going concern. The case concluded with directions for compliance with the Tribunal's orders. Case-Laws Insolvency and Bankruptcy Mon, 14 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408840