Decision taken by Liquidator differs from the advice given by the Stakeholder Consultation Committee – Kannan Tiruvengadam, Liquidator – NCLT Guwahati Bench

This Application has been filed by the Applicant/Liquidator under section 60(5) of the IBC, 2016 read with Regulation 31A (10) & 31A (1) of Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 seeking the following reliefs: a. Take on record the decision taken by the liquidator which differs from the advice given by the Stakeholder Consultation Committee vide its e-voting result of the 4th SCC Meeting dated 19th October, 2022 in compliance with Regulation 31A (10); b. Take on record the report on reconstitution of the stakeholder consultation committee of the corporate debtor which was completed by the applicant liquidator on 15th October, 2022 in compliance with regulation 31A (1); c. Pass any such further orders or be passed as this Tribunal deem fit and proper.

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