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The NCLAT dismissed an appeal challenging procedural aspects of liquidator fee determination without contesting the Stakeholders' Consultation Committee's (SCC) actual decision on the matter. The Tribunal held that challenging the procedure without challenging the consequential decision rendered the appeal premature and untenable. The appellant had questioned the Adjudicating Authority's directive for the SCC to determine liquidator remuneration and incidental charges, but failed to challenge the SCC's subsequent decision dated 09.01.2025. The NCLAT concluded that no cause survived regarding the impugned order's directions, as the unchallenged SCC determination had already addressed the liquidator's fees and liquidation costs.
The NCLAT dismissed an appeal challenging procedural aspects of liquidator fee determination without contesting the Stakeholders' Consultation Committee's (SCC) actual decision on the matter. The Tribunal held that challenging the procedure without challenging the consequential decision rendered the appeal premature and untenable. The appellant had questioned the Adjudicating Authority's directive for the SCC to determine liquidator remuneration and incidental charges, but failed to challenge the SCC's subsequent decision dated 09.01.2025. The NCLAT concluded that no cause survived regarding the impugned order's directions, as the unchallenged SCC determination had already addressed the liquidator's fees and liquidation costs.
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