Removal and replacement of liquidator.

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..... mpany on any of the following grounds, namely: (a) misconduct; (b) fraud or misfeasance; (c) professional incompetence or failure to exercise due care and diligence in performance of the powers and functions; (d) inability to act as provisional liquid .....

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..... loss or damage from the liquidator and pass such other orders as it may think fit. (4) The Tribunal shall, before passing any order under this section, provide a reasonable opportunity of being heard to the provisional liquidator or, as the case may be, Company Liquidator. - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxat .....

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