An IT services company has outstanding invoices worth ₹ 8 crores from various clients for software development services already delivered.

These unpaid receivables are money legitimately payable by clients to the corporate debtor. The liquidator can pursue collection of these dues, file suits for recovery if necessary, and once collected, use the amounts to repay the company's creditors as part of the liquidation process. Book debts and receivables of the corporate debtor form part of the liquidation estate [Section 36(3) of IBC].