https://www.taxtmi.com/caselaws?id=311933 Implementation of a corporate resolution plan is permitted to continue with the Monitoring Committee authorised to effect partial disbursements of the plan amount; this enables ongoing project execution, provided the resolution applicant maintains and funds any encashed bank guarantees. The resolution applicant bears the obligation to ensure continuation of projects by keeping bank guarantees alive and making payments for encashed guarantees, and forfeiture of the earnest money deposit and initiation of insolvency damages proceedings were held not to stand in the circumstances described. en-us Wed, 13 Apr 2022 00:00:00 +0530 Wed, 28 Jan 2026 16:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311933 Implementation of a corporate resolution plan is permitted to continue with the Monitoring Committee authorised to effect partial disbursements of the plan amount; this enables ongoing project execution, provided the resolution applicant maintains and funds any encashed bank guarantees. The resolution applicant bears the obligation to ensure continuation of projects by keeping bank guarantees alive and making payments for encashed guarantees, and forfeiture of the earnest money deposit and initiation of insolvency damages proceedings were held not to stand in the circumstances described. Case-Laws IBC Wed, 13 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311933