Section 42 - Appeal against the decision of Liquidator. - Insolvency and Bankruptcy Code, 2016

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. ******* Notes 1. Inserted vide Insolvency and Bankruptcy Code (Second Amendment) Act, 2018 w.e.f. 06-06-2018 2. Come into the force w.e.f. 15-12-2016 [F. N. 30/7/2016-Insolvency] S.O. 3687(E) dated 09-12-2016