NCLAT Rules on Liquidator Appointment Rights for Creditors in Insolvency Cases, ETRealty
NEW DELHI: Only the Committee of Creditors (COC) has the authority to appoint a liquidator for a debt-ridden company undergoing insolvency procedure, and not the NCLT, in cases where a Resolution Professional has not submitted a written consent, the appellate tribunal NCLAT has said. Passing a common order in two identical matters, where the National…

