Proceedings and Procedures - Petition for Winding up, Provisional Liquidator, Winding up Order, and Statement of Affairs,Limited Liability Partnership (Winding up and Dissolution) Rules, 2010
Proceedings and Procedures - Petition for Winding up, Provisional Liquidator, Winding up Order, and Statement of Affairs,Limited Liability Partnership (Winding up and Dissolution) Rules, 2010
Notice to creditors to prove their claims: timely affidavit required or exclusion from distribution and objection rights. Creditors of an LLP in winding up are required to submit to the Liquidator by the specified date an affidavit in the prescribed form proving their debt or ... Summary
Notice to creditors to prove their claims: timely affidavit required or exclusion from distribution and objection rights.
Creditors of an LLP in winding up are required to submit to the Liquidator by the specified date an affidavit in the prescribed form proving their debt or claim with names, addresses, particulars and any claim to priority; failure to submit timely proof will exclude the creditor from distribution or from objecting to distribution. Creditors who have submitted proofs must, if so notified in writing by the Liquidator, attend an investigation and produce further evidence. Where creditors do not exceed one hundred individuals, newspaper advertisement may be dispensed with in favour of individual notices.
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