(1) Any creditor aggrieved by the decision of the Official Liquidator2(61) Official Liquidator means an Official Liquidator appointed under sub-section (1) of section 359 under section 363 may file an appeal before the Central GovernmentDelegation of power to Regional Directors at Mumbai, Kolkata, Chennai, New Delhi, Ahmedabad, Hyderabad and Shillong vide notification S.O. 4090(E). To view the notification,Click Here within thirty days of such decision.
(2) The Central GovernmentDelegation of power to Regional Directors at Mumbai, Kolkata, Chennai, New Delhi, Ahmedabad, Hyderabad and Shillong vide notification S.O. 4090(E). To view the notification,Click Here may after calling the report from the Official Liquidator either dismiss the appeal or modify the decision of the Official Liquidator.
(3) The Official Liquidator shall make payment to the creditors whose claims have been accepted.
(4) The Central GovernmentDelegation of power to Regional Directors at Mumbai, Kolkata, Chennai, New Delhi, Ahmedabad, Hyderabad and Shillong vide notification S.O. 4090(E). To view the notification,Click Here may, at any stage during settlement of claims, if considers necessary, refer the matter to the Tribunal2(90) Tribunal means the National Company Law Tribunal constituted under section 408 for necessary orders.