Liquidator decision is appealable under Section 42 of IBC, 2016

P.X. Xavier Vs. K. Joseph (Kerala High Court)

Admittedly, the Liquidator had taken a decision. The decision taken by the liquidator is appealable under Section 42 of the Code. The petitioners, in order to file appeal under Section 42 of the Code, filed an application to condone the delay in filing the appeal. It has been submitted that the said delay condonation petition had been already allowed by the Tribunal. Now, the petitioners have to file appeal as provided under Section 42 of the Code.

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