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.