Fixed Deposits standing in name of Corporate Debtor is part of Corporate Debtor’s estate

HVR Industries Pvt. Ltd. Vs Bindal And Bindal Batteries (P) Ltd. (NCLT Delhi) NCLT Delhi held that Fixed Deposit Receipts FDRs’ standing in the name of the Corporate Debtor constitute financial assets and form an integral part of the Corporate Debtor’s estate. Thus, resolution professional is directed to approach concerned bank and request defreezing of FDRs to ensure control over the same. Facts- Vide the Order dated 30.05.2025 passed by this Adjudicating Authority, the Tribunal had directed the Committee of Creditors (‘CoC’) to pay the professional fee of ₹20,40,476/- along with ap...