Section 42: 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.

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Amendments:

1. The Words in section 42 inserted  by the Insolvency and Bankruptcy Code (Second Amendment) Act, 2018 (w.e.f. 06.06.2018).