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Stakeholders Consultation Committee's Advice Not Binding On Liquidator: Supreme Court
Gursimran Kaur Bakshi
7 Sept 2024 8:05 PM IST
Recently, the Supreme Court clarified that the advice offered by the Stakeholders Consultation Committee (SCC) constituted in liquidation proceedings is not binding on the Liquidator. In this case, the appellant claimed that the Liquidator failed to constitute an SCC before initiating a liquidation process. However, the respondent refuted this argument stating that constituting an SCC was not...
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Gursimran Kaur Bakshi
Gursimran is the Principal Correspondent with LiveLaw for the Supreme Court. She can be reached out at: simrankaurbakshi@livelaw.in
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