Section 364 of Companies Act, 2013

364. Appeal by creditor

(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.

Complete: companies-act-2013