Liquidator cannot resort to proceedings u/s. 61 of I&B Code for challenging direction by IBBI

CA Ramasamy Shanmuggam Vs Insolvency and Bankruptcy Board of India (NCLAT Chennai)

NCLAT Chennai held that liquidator cannot resort to proceedings under section 61 of Insolvency and Bankruptcy Code for the purposes of the challenging direction issued to the IBBI.

Facts- The Appellant who is the Official Liquidator of the Corporate Debtor M/s RLS Alloys Pvt. Ltd, puts a challenge to the Impugned Order dated 02.06.2022, as it has been passed by the Adjudicating Authority. As per the relief clause which has been modulated by the appellant in the appeal, there

Please become a Premium member. If you are already a Premium member, login here to access the full content.