https://www.taxtmi.com/caselaws?id=782702 The NCLAT dismissed the appeal challenging the replacement of the appellant as liquidator. It held that a resolution professional has no vested right to be appointed or to continue as liquidator. The CoC, having a majority voting share well above 66%, supported the second liquidator and sought expeditious completion of liquidation, which weighed against altering the existing arrangement. The Tribunal observed that the Adjudicating Authority appeared to have treated the IBBI circular dated 18.07.2023 as binding, but in any event, the appellant could not insist on continuing against the wishes of the majority creditor. Finding no legal infirmity or prejudice, the appeal was rejected. en-us Mon, 01 Dec 2025 00:00:00 +0530 Wed, 03 Dec 2025 08:57:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782702 The NCLAT dismissed the appeal challenging the replacement of the appellant as liquidator. It held that a resolution professional has no vested right to be appointed or to continue as liquidator. The CoC, having a majority voting share well above 66%, supported the second liquidator and sought expeditious completion of liquidation, which weighed against altering the existing arrangement. The Tribunal observed that the Adjudicating Authority appeared to have treated the IBBI circular dated 18.07.2023 as binding, but in any event, the appellant could not insist on continuing against the wishes of the majority creditor. Finding no legal infirmity or prejudice, the appeal was rejected. Case-Laws IBC Mon, 01 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782702