Section 156. Release of Liquidation Manager

The liquidation manager may be released by the court from the performance of duties in the following cases:

according to application;

failure to perform or improper performance of the duties assigned to them on the basis of a decision of the meeting of creditors. The decision of the meeting of creditors in this case must contain information about the candidacy for the new liquidation manager;

based on the application of the authorized state body;

revealing circumstances in accordance with Articles 22 of this Law that prevent the appointment of a person as a liquidation manager.

The liquidation manager may also be relieved of duties in other cases in accordance with the legislation.

Simultaneously with the release of the liquidation manager from the performance of duties, the court shall appoint a new liquidation manager in the manner prescribed by Article 142 of this Law.

A court ruling on the release of the liquidation manager from the performance of duties shall be subject to immediate execution and may be appealed (protested against).