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Section 364: Appeal by creditor

The Companies Act, 2013Central Act · Act 18 of 2013

(1) Any creditor aggrieved by the decision of the Official Liquidator under section 363 may file an appeal before the Central Government within thirty days of such decision.

(2) The Central Government 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 Government may, at any stage during settlement of claims, if considers necessary, refer the matter to the Tribunal for necessary orders.

Where this provision sits

ActThe Companies Act, 2013
Section364
Marginal noteAppeal by creditor
JurisdictionCentral
StatusIn force as published by the source

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