Appeal by creditor: central government may review or modify Official Liquidator decisions and refer matters to Tribunal. A creditor aggrieved by an Official Liquidator's decision may appeal to the Central Government within the prescribed period; the Central Government may call the Official Liquidator's report and either dismiss the appeal or modify the decision. The Official Liquidator must pay accepted creditors, and the Central Government may refer the matter to the Tribunal at any stage during claim settlement.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Appeal by creditor: central government may review or modify Official Liquidator decisions and refer matters to Tribunal.
A creditor aggrieved by an Official Liquidator's decision may appeal to the Central Government within the prescribed period; the Central Government may call the Official Liquidator's report and either dismiss the appeal or modify the decision. The Official Liquidator must pay accepted creditors, and the Central Government may refer the matter to the Tribunal at any stage during claim settlement.
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