Liquidator claim appeals under insolvency law were time-bound and later omitted from the liquidation framework. Section 42 of the Insolvency and Bankruptcy Code, 2016 originally allowed a creditor to appeal to the Adjudicating Authority against the liquidator's decision accepting or rejecting claims within fourteen days of receiving that decision. The provision formed part of the liquidation process but was later omitted, and the section now stands omitted in the Code.
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Provisions expressly mentioned in the judgment/order text.
Liquidator claim appeals under insolvency law were time-bound and later omitted from the liquidation framework.
Section 42 of the Insolvency and Bankruptcy Code, 2016 originally allowed a creditor to appeal to the Adjudicating Authority against the liquidator's decision accepting or rejecting claims within fourteen days of receiving that decision. The provision formed part of the liquidation process but was later omitted, and the section now stands omitted in the Code.
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