Case Law Analysis
|Bombay High Court
Court-Deposited Funds Under Consent Terms Remain Accessible to Creditors Post-Liquidation | Bombay HC
The Bombay High Court has ruled that funds deposited by a corporate debtor under court-approved consent terms remain available to creditors even after the company’s dissolution, as the deposit constitutes a secured claim protected by judicial oversight. This clarifies that court-monitored deposits are not extinguished by corporate winding-up, reinforcing creditor protections in insolvency proceedings.