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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 Company Law Tribunal (NCLT) had itself appointed liquidators of two insolvency-bound companies, the appellate tribunal set aside those appointments, observing “only CoC has the authority to select the candidate for replacing the RP”.

The National Company Law Appellate Tribunal (NCLAT) said…

Shaffiq Alkhatib
The Straits Times
Dec 3, 2025

In a bid to recover a loan of around $25,000, a woman lured her female debtor to a warehouse, where the victim was blindfolded and restrained with plastic cable ties for about five hours.

The ordeal left the 49-year-old Singaporean victim with marks on her limbs that took two months to fade. She also had facial bruises that took two weeks to clear.

On Dec 3, her 43-year-old creditor, Lin Mei, was sentenced to 10 months’ jail.

The Taiwanese woman, who masterminded the crime, had pleaded guilty to one count of wrongfully confining the victim.

Lin’s accomplice, Chinese national Wu Zhibing, 36, was earlier sentenced to eight months’ jail.

Deputy Public Prosecutor Darren Sim told the court that the…

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