https://www.taxtmi.com/caselaws?id=751962 NCLAT dismissed appeal challenging liquidator appointment. Appellant failed to comply with Regulation 31A requiring mandatory written consent in Form AA Schedule II before filing replacement application. No written consent was submitted to SCC during voting or annexed with replacement application to Adjudicating Authority. NCLAT held written consent is mandatory requirement under law, not curable defect. Court ruled Adjudicating Authority has power to appoint/remove liquidator under Sections 33-34 of Code, even without SCC approval. Appellant lacked locus standi as mere proposed liquidator with no inherent appointment right. Appeal dismissed without merit. 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 NCLAT dismissed appeal challenging liquidator appointment. Appellant failed to comply with Regulation 31A requiring mandatory written consent in Form AA Schedule II before filing replacement application. No written consent was submitted to SCC during voting or annexed with replacement application to Adjudicating Authority. NCLAT held written consent is mandatory requirement under law, not curable defect. Court ruled Adjudicating Authority has power to appoint/remove liquidator under Sections 33-34 of Code, even without SCC approval. Appellant lacked locus standi as mere proposed liquidator with no inherent appointment right. Appeal dismissed without merit. Case-Laws Insolvency and Bankruptcy Mon, 29 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751962