NCLAT directs Liquidator’ to proceed in accordance with law

S.C. Sekaran Vs Amit Gupta & Ors. (NCLAT) Learned counsel appearing on behalf of the ‘Liquidator’, on instructions from the ‘Liquidator’, who is present, submits that the ‘Liquidator’ will ensure that both the companies remain going concern and if so necessary, he will take appropriate orders from the Adjudicating Authority. He may also take other steps in accordance with law as suggested by the learned counsel for the appellant subject to the approval of the Adjudicating Authority. In view of the provision of Section 230 and the decision of the Hon’ble Supreme Court in ‘M...