Case of Vinod Singh vs Chandra Prakash Jain, NCLAT Delhi Judgement Dated 30th May 2025. The appellate tribunal decisively settled the scope of judicial intervention under Section 59 (Voluntary liquidation of corporate persons) of the Insolvency and Bankruptcy Code. It held that once a corporate debtor has lawfully replaced a voluntary liquidator through a board resolution and shareholder approval, the Adjudicating Authority (NCLT) cannot impose a status quo order to retain the ousted liquidator. It held that the NCLT intervention was without jurisdiction and violative of the regulatory framework which confers full control of liquidator appointments and removals upon the corporate debtor itself.