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of <h1>Creditors Can Appeal Liquidator's Decision Under Section 42 of Insolvency and Bankruptcy Code Within 14 Days</h1> Under Section 42 of the Insolvency and Bankruptcy Code, 2016, a creditor has the right to appeal to the Adjudicating Authority if dissatisfied with the liquidator's decision to accept or reject their claims. This appeal must be filed within fourteen days of receiving the liquidator's decision. This provision was amended by the Insolvency and Bankruptcy Code (Second Amendment) Act, 2018, effective from June 6, 2018, and originally came into force on December 15, 2016.
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