NCLT directs Rajasthan Vidyut Utpadan Nigam to release Rs 53.51 crore from escrow to Punj Lloyd's liquidator, withholding Rs 14.31 crore for subcontractors.
Tribunal classifies SN Space Developers' Rs 74.71 lakh claim as CIRP cost, ordering priority payment for post-insolvency services.
NCLT dismisses RRVUNL's SFIO investigation defense, finding no legal basis to withhold agreed settlement amount.
Liquidator authorized to distribute withheld subcontractor funds according to IBC Section 53 waterfall mechanism.