https://www.taxtmi.com/caselaws?id=751962 Replacement of a liquidator under the liquidation regulations required prior written consent of the proposed liquidator in Form AA before the consultation committee and the Adjudicating Authority; non-compliance with that mandatory condition precedent meant the proposed substitution could not be sustained. A proposed liquidator had no independent enforceable right to appointment merely on being recommended, so the challenge based on locus standi failed, and the Adjudicating Authority was not bound to accept the proposed name when statutory requirements were unmet. en-us Mon, 29 Apr 2024 00:00:00 +0530 Tue, 30 Apr 2024 17:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751962 Replacement of a liquidator under the liquidation regulations required prior written consent of the proposed liquidator in Form AA before the consultation committee and the Adjudicating Authority; non-compliance with that mandatory condition precedent meant the proposed substitution could not be sustained. A proposed liquidator had no independent enforceable right to appointment merely on being recommended, so the challenge based on locus standi failed, and the Adjudicating Authority was not bound to accept the proposed name when statutory requirements were unmet. Case-Laws Insolvency and Bankruptcy Mon, 29 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751962