Appeal against liquidator's decision omitted after earlier allowing creditors to challenge acceptance or rejection of claims. Section 42, which earlier provided for an appeal by a creditor to the Adjudicating Authority against the liquidator's decision accepting or rejecting claims within fourteen days, has been omitted. It formed part of the liquidation process under the Insolvency and Bankruptcy Code, 2016, and was initially brought into force from 15 December 2016 before its later deletion.
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 against liquidator's decision omitted after earlier allowing creditors to challenge acceptance or rejection of claims.
Section 42, which earlier provided for an appeal by a creditor to the Adjudicating Authority against the liquidator's decision accepting or rejecting claims within fourteen days, has been omitted. It formed part of the liquidation process under the Insolvency and Bankruptcy Code, 2016, and was initially brought into force from 15 December 2016 before its later deletion.
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