https://www.taxtmi.com/highlights?id=64776 CIRP - Grounds on which the Liquidator can be changed - the non-holding of a valid AFA will not render the order of liquidation passed by the Adjudicating Authority illegal or invalid and moreover the Hon'ble NCLAT it has stated that if any irregularity is brought by the Appellant, then this Tribunal may have a re-look at the appointment of the Liquidator, in the present case. - The Liquidator has failed to exercise due care and diligence in performance of the powers and functions while discharging his functions as Liquidator - New liquidator appointed - Tri en-us Mon, 25 Jul 2022 13:48:19 +0530 Mon, 25 Jul 2022 13:48:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=64776 CIRP - Grounds on which the Liquidator can be changed - the non-holding of a valid AFA will not render the order of liquidation passed by the Adjudicating Authority illegal or invalid and moreover the Hon'ble NCLAT it has stated that if any irregularity is brought by the Appellant, then this Tribunal may have a re-look at the appointment of the Liquidator, in the present case. - The Liquidator has failed to exercise due care and diligence in performance of the powers and functions while discharging his functions as Liquidator - New liquidator appointed - Tri Highlights Insolvency and Bankruptcy Mon, 25 Jul 2022 13:48:19 +0530 https://www.taxtmi.com/highlights?id=64776