NCLT Clarifies Aquafil Polymers Administrator Bank Account Authority

NCLT Ahmedabad clarifies Independent Administrator's authority to operate Aquafil Polymers' bank account for Ranchi project payments.
Administrator authorized to disburse funds to subcontractor M/s Durga Water Treatment Services upon document verification.
Tribunal exempts Administrator from technical work verification, permits consultation with Forensic Auditor for payments.
All transactions subject to ongoing forensic audit scrutiny; main matter listed for 11 June 2026 hearing.