https://www.taxtmi.com/caselaws?id=396387 Once a corporate debtor enters liquidation, the Committee of Creditors ceases to have a managerial or supervisory role and acts only as a claimant whose claims are adjudicated by the liquidator. On that basis, the text states that there is no statutory provision enabling the Committee to seek removal of the liquidator after liquidation has commenced. It also states that the appellate forum found no ground to interfere with the order appointing the liquidator and directing the resolution professional to continue in that role. en-us Tue, 21 Jan 2020 00:00:00 +0530 Fri, 03 Jul 2020 08:26:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396387 Once a corporate debtor enters liquidation, the Committee of Creditors ceases to have a managerial or supervisory role and acts only as a claimant whose claims are adjudicated by the liquidator. On that basis, the text states that there is no statutory provision enabling the Committee to seek removal of the liquidator after liquidation has commenced. It also states that the appellate forum found no ground to interfere with the order appointing the liquidator and directing the resolution professional to continue in that role. Case-Laws Insolvency and Bankruptcy Tue, 21 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396387