If there be any irregularity in appointment/confirmation of Liquidator for not having a valid authorisation for assignment on the date of such acceptance or commencement of such assignment within the purview of Regulation 7A of the IP Regulations, 2016, that does not adversely affect and render the order of liquidation passed by the Adjudicating Authority illegal or invalid – Committee of Creditors, Represented by IDBI Bank Ltd. Vs. V Venkata Sivakumar & Anr. – NCLAT New Delhi
If there be any irregularity in appointment/confirmation of Respondent No. 1 as ‘Liquidator’ for not having a valid authorisation for assignment on the date of such acceptance or commencement of such assignment within the purview of Regulation 7-A of the aforesaid Regulations, that does not adversely affect and render the order of liquidation passed by the Adjudicating Authority illegal or invalid. If there is any irregularity, as contended by the learned counsel for the Appellant, he shall be at liberty to bring it to the notice of the Adjudicating Authority who may have a re-look at the appointment of ‘Liquidator’ so far as the authorisation of Respondent No. 1 is concerned and pass appropriate order.