Dear Arghadeep, Answer to your doubt: Once a company enters CIRP, all management control shifts to the Interim Resolution Professional (IRP) / Resolution Professional (RP), who operates the bank account of the Corporate Debtor. By routing all withdrawal expenses through the Corporate Debtor’s bank account: 1) There is a single, official legal entity ledger that reflects every rupee coming in and going out. 2) It creates a clean audit trail for creditors, regulators (IBBI), and the NCLT.

Answer given by Shubhamm Sir at 29-Sep-2026 06:14 PM