NCLT Mumbai Approves Replacement of Liquidator in Phalcomm Infra Solutions

In re Phalcomm Infra Solutions Private Limited (NCLT Mumbai) In a recent order, the National Company Law Tribunal (NCLT), Mumbai Bench, has approved a resolution by the Stakeholders Consultation Committee (SCC) of Phalcomm Infra Solutions Private Limited to replace the appointed liquidator. This decision, which was delivered on a motion filed under Section 60(5) of the Insolvency and Bankruptcy Code (IBC), 2016, highlights the authority of stakeholders in the corporate liquidation process to appoint a professional of their choosing. The case began on June 30, 2025, when the NCLT admitted Phalc...