Section 42 of Insolvency and Bankruptcy Code, 2016 (IBC): Appeal against the decision of liquidator

The Insolvency and Bankruptcy Code, 2016

Part-II Insolvency Resolution and Liquidation for Corporate Persons

Chapter-III Liquidation Process

Section 42: Appeal against the decision of liquidator.

*42. A creditor may appeal to the Adjudicating Authority against the decision of the liquidator 1[accepting or] rejecting the claims within fourteen days of the receipt of such decision.


Reference

*Effective from 15.12.2016.

1. Ins. by the IBC (Second Amendment) Act, 2018, w.e.f. 06.06.2018.


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