https://www.taxtmi.com/caselaws?id=788567 Assets of a corporate debtor discovered after approval and implementation of a resolution plan, but not disclosed in the information memorandum, are treated as the corporate debtor's assets where they pre-existed the insolvency commencement date. Regulation 36 requires disclosure of assets and liabilities, but does not expressly require disclosure of contingent assets, and Regulations 37 to 39 do not create a rule that omission from the information memorandum divests title. Applying the resolution-plan framework and the principle that unprovided claims stand extinguished while provided claims are frozen, fixed deposit receipts held as margin money for expired bank guarantees were held to belong to the corporate debtor and, after implementation, to the successful resolution applicant; banks had no right to retain or adjust them absent fraud or deliberate concealment. en-us Thu, 19 Mar 2026 00:00:00 +0530 Wed, 25 Mar 2026 08:49:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788567 Assets of a corporate debtor discovered after approval and implementation of a resolution plan, but not disclosed in the information memorandum, are treated as the corporate debtor's assets where they pre-existed the insolvency commencement date. Regulation 36 requires disclosure of assets and liabilities, but does not expressly require disclosure of contingent assets, and Regulations 37 to 39 do not create a rule that omission from the information memorandum divests title. Applying the resolution-plan framework and the principle that unprovided claims stand extinguished while provided claims are frozen, fixed deposit receipts held as margin money for expired bank guarantees were held to belong to the corporate debtor and, after implementation, to the successful resolution applicant; banks had no right to retain or adjust them absent fraud or deliberate concealment. Case-Laws IBC Thu, 19 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788567