Liquidator Fees under Regulation 4(2)(b): NCLAT Delhi Ruling

Ashok Kumar Gulla Vs State Bank of India (NCLAT Delhi)

The case of Ashok Kumar Gulla vs State Bank of India before NCLAT Delhi delves into the intricate matter of liquidator fees as stipulated under Regulation 4(2)(b) of the Liquidation Process Regulations. The appellant, acting as the liquidator of M/s SRS Limited, contested the impugned order of the National Company Law Tribunal, Chandigarh, seeking various reliefs, primarily regarding his remuneration during the liquidation process.

The crux of the dispute revolves around the interpretation and application of Regulation 4

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