https://www.taxtmi.com/caselaws?id=789094 Amounts held with the corporate debtor could be used to pay erstwhile employees' gratuity dues only if those claims were duly admitted in liquidation; where the claims were belated or not admitted, the balance had to be released to the appellant. The liquidator was also allowed to use the corporate debtor's funds to continue arbitration proceedings against BSNL, because the sale notice contemplated distribution of any arbitration proceeds under the insolvency framework but did not bar expenditure from the debtor's funds for prosecuting that claim. The order was modified on gratuity payment and otherwise left undisturbed on the arbitration issue. en-us Wed, 01 Apr 2026 00:00:00 +0530 Fri, 03 Apr 2026 08:49:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789094 Amounts held with the corporate debtor could be used to pay erstwhile employees' gratuity dues only if those claims were duly admitted in liquidation; where the claims were belated or not admitted, the balance had to be released to the appellant. The liquidator was also allowed to use the corporate debtor's funds to continue arbitration proceedings against BSNL, because the sale notice contemplated distribution of any arbitration proceeds under the insolvency framework but did not bar expenditure from the debtor's funds for prosecuting that claim. The order was modified on gratuity payment and otherwise left undisturbed on the arbitration issue. Case-Laws IBC Wed, 01 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789094