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2021 (9) TMI 435 - Tri - Insolvency and BankruptcyOrder for Replacement of the Liquidator - depreciated value of the Plant & Machinery as per the latest MSME classification - Section 34(4)(a) of IBC, 2016 - HELD THAT:- The proviso of Section 34(4)(a) of IBC, 2016, does not provide for any application to be made by any aggrieved person with regard to the invocation of Section 34(4)(a) of IBC, 2016 and the language with which the provision made is very clear and enables this Adjudicating Authority to set-aside the appointment of Mr. Sisirkumar Appikatla as the Liquidator of the Corporate Debtor. This order shall not come in the way on interferes with the of appeal pending before the Hon'ble National Company Law Appellate Tribunal for the reason that this Adjudicating Authority not venturing into or transgressing his powers in any manner and this order is confined only to the extent of replacement of Mr. Sisirkumar Appikatla as the Liquidator of the Corporate Debtor. The appointment of Mr. Sisirkumar Appikatla as the Liquidator of the Corporate Debtor Company is non-est/illegal and ab initio void - Application disposed off.
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