The Insolvency and Bankruptcy Code

Initiation of liquidation

Appointment of liquidator and fee to be paid

Powers and duties of liquidator

Liquidation estate

Powers of liquidator to access information

Consolidation of claims

Verification of claims

Admission or rejection of claims

Determination of valuation of claims

Appeal against the decision of liquidator

Preferential transactions and relevant time

Orders in case of preferential transactions

Avoidance of undervalued transactions

Relevant period for avoidable transactions

Application by creditor in cases of undervalued transactions

Order in cases of undervalued transactions

Transactions defrauding creditors

Extortionate credit transactions

Orders of Adjudicating Authority in respect of extortionate credit transactions

Secured creditor in liquidation proceedings

Distribution of assets

Dissolution of corporate debtor


CHAPTER III LIQUIDATION PROCESS


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. 


LAWGIST

# 42 Appeal against the decision of liquidator