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of <h1>Appeals by aggrieved creditors u/s 364 against Official Liquidator decisions and Central Government powers explained</h1> Section 364 of the Companies Act, 2013 provides that any creditor aggrieved by an Official Liquidator's decision under section 363 may appeal to the Central Government within thirty days. The Central Government, after obtaining a report from the Official Liquidator, may dismiss the appeal or modify the Liquidator's decision. The Official Liquidator is required to make payment to creditors whose claims have been accepted. At any stage during the settlement of claims, the Central Government may refer the matter to the Tribunal for necessary orders.
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