NCLT upholds autonomy of the Liquidators when actions taken in good faith The National Company Law Tribunal, Kolkata emphasised that the decisions taken in good faith by liquidators engaged to manage the affairs of companies undergoing liquidation proceedings under the Insolvency and Bankruptcy Code should be left at that and their autonomy shall not be interfered. (Basavaraj Koujalagi & 82 others v. Sumit Binani, liquidator of Gujarat NRE Coke Limited). “No doubt, the Covid-19 pandemic intervened, but then it is not for the Adjudicating Authority to step into the shoes of the liquidator and examine the commercial viability of the contract.” “Actions taken in good faith by a public servant always enjoy protection under the law, and the IBC is no different, providing for the same under section 233 of the Code." Reddy & Reddy Law Firm is a team of expert litigants armoured with extensive knowledge and experience. They have a forte in handling matters related to Corporate and Commercial Laws.