https://www.taxtmi.com/article/detailed?id=12928 A multi-year investment subsidy sanctioned after initiation of the CIRP was directed by the adjudicating authority to be paid directly to government departments at the debtor's request. The appellate tribunal held that amounts payable to the corporate debtor post-initiation constitute estate assets and must be paid into the corporate debtor's account and administered under the approved Resolution Plan, rather than being remitted directly to third-party authorities. en-us Mon, 16 Sep 2024 08:00:55 +0530 Mon, 16 Sep 2024 08:00:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12928 A multi-year investment subsidy sanctioned after initiation of the CIRP was directed by the adjudicating authority to be paid directly to government departments at the debtor's request. The appellate tribunal held that amounts payable to the corporate debtor post-initiation constitute estate assets and must be paid into the corporate debtor's account and administered under the approved Resolution Plan, rather than being remitted directly to third-party authorities. Articles Corporate Laws / IBC / SEBI Mon, 16 Sep 2024 08:00:55 +0530 https://www.taxtmi.com/article/detailed?id=12928