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Chapter III Liquidation Process

Section 42. Appeal against the decision of liquidator. –

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.


1 Ins. by Act No.26 of 2018, sec. 27 (w.e.f. 6-6-2018).

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