Chapter-8 Insolvency Practice, and Regulation and Administration Thereof

Section 70: Power to remove by order of Court

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1) Where a complaint is made that a restructuring manager or liquidator appointed pursuant to this Act has failed to work in accordance with this Act while carrying out the insolvency proceedings of any company assigned to him or her or where his or her conduct is found to be contrary to this Act, the Court may issue an order to remove him or her.

2) The concerned person shall not be deprived of an opportunity to defend himself or herself prior to issuing the order referred to in sub-section (1).

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Section 70: Power to remove by order of Court

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