NCLT Hyderabad disposes of an application seeking distribution of unclaimed CIRP funds totaling ₹1,02,27,425.
The tribunal directs the Monitoring Committee to deposit unclaimed security deposits of ₹1 crore and operational creditor payments of ₹2.27 lakh into the Corporate Liquidation Account.
The order provides a mechanism for preserving unclaimed amounts after successful resolution plan implementation, rejecting redistribution to financial creditors.
The ruling establishes a precedent for handling unclaimed funds post-CIRP by applying liquidation process regulations by analogy.