Chapter-8 Insolvency Practice, and Regulation and Administration Thereof

Section 67: Vacancies to be filled by Court

Estimated reading: 1 minute 74 views

Where the office of the restructuring manager or liquidator appointed under this Act falls vacant as a result of the suspension or cancellation of a license pursuant to sub-section (1) of Section 66 or for any other reason, the Court may issue an order to appoint any other person who has possessed the qualification referred to in this Act to fill the vacancy by fulfilling the procedures followed while making the original appointment.

Share this Law

Section 67: Vacancies to be filled by Court

Or copy link

Discover Nepal's laws effortlessly. Our user-friendly platform simplifies legal understanding and accessibility, serving individuals throughout the country.