TMI Blog‘Liquidators’ and their appointmentsX X X X Extracts X X X X X X X X Extracts X X X X ..... or a Liquidator appointed by an order of the Tribunal from the panel maintained by the Central Government : Provided that in the absence of any such order, the Official Liquidator shall become or act as Liquidator or Provisional Liquidator as the case may be. (2) For the purposes of appointment of a Liquidator in the winding up order or appointment of Provisional Liquidator from the pane ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tained under sub-rule (2) on the grounds of misconduct, fraud, misfeasance, breach of duties or professional incompetence : Provided that the Central Government before removing the name of any such person or firm or body corporate from panel, shall give him or it a reasonable opportunity of being heard. (4) Every Liquidator appointed from the panel, shall, before entering upon his duties as ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Tribunal on the basis of task required to be performed, experience, qualification and size of the LLP. (7) On appointment as Provisional Liquidator or Liquidator from panel, such liquidator shall file a declaration in the Form No. 6 disclosing conflict of interest or lack of independence in respect of his appointment, if any, with the Tribunal and such obligation shall continue throughout th ..... X X X X Extracts X X X X X X X X Extracts X X X X
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