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Removal and replacement of liquidator etc.

Rule 30 - Rule - LLP - Rule 30 - 30. (1) The Tribunal may, on a reasonable cause being shown and for reasons to be recorded in writing, remove the Provisional Liquidator or the Liquidator, appointed from the panel 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 liquidator, (e) conflict of interest or lack of independen .....

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