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All money to be paid in to bank account

Regulation 41 - Regulation - PROCEEDS OF LIQUIDATION AND DISTRIBUTION OF PROCEED S - Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 - Regulation 41 - CHAPTER VII PROCEEDS OF LIQUIDATION AND DISTRIBUTION OF PROCEEDS 4 .....

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e bank account opened under sub-regulation (1) all moneys, including cheques and demand drafts received by him as the liquidator of the corporate debtor, and the realizations of each day shall be deposited into the bank account without any deduction .....

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