https://www.taxtmi.com/acts?id=20834 The rule empowers the adjudicatory authority to remove or replace a provisional or appointed liquidator for misconduct, fraud or misfeasance, professional incompetence or failure to exercise due care and diligence, inability to act, and conflict of interest or lack of independence, with reasons to be recorded in writing. The authority may transfer work on any vacancy to another liquidator and may recover losses from a liquidator responsible for loss or damage due to fraud, misfeasance or lack of due care, after providing the liquidator a reasonable opportunity of being heard. en-us Tue, 26 Apr 2016 12:55:59 +0530 Thu, 20 Jun 2024 18:27:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20834 The rule empowers the adjudicatory authority to remove or replace a provisional or appointed liquidator for misconduct, fraud or misfeasance, professional incompetence or failure to exercise due care and diligence, inability to act, and conflict of interest or lack of independence, with reasons to be recorded in writing. The authority may transfer work on any vacancy to another liquidator and may recover losses from a liquidator responsible for loss or damage due to fraud, misfeasance or lack of due care, after providing the liquidator a reasonable opportunity of being heard. Act-Rules LLP Tue, 26 Apr 2016 12:55:59 +0530 https://www.taxtmi.com/acts?id=20834