Proceedings and Procedures - Meetings of creditors or partners in a winding up by Tribunal and of creditors in a voluntary winding upLimited Liability Partnership (Winding up and Dissolution) Rules, 2010
Proceedings and Procedures - Meetings of creditors or partners in a winding up by Tribunal and of creditors in a voluntary winding upLimited Liability Partnership (Winding up and Dissolution) Rules, 2010
Application of assets requires liquidator costs be paid first, then liabilities discharged pari passu under applicable law. Assets of a limited liability partnership in winding up are to be applied first to pay the costs, expenses, charges, fees and remuneration of the ... Summary
Application of assets requires liquidator costs be paid first, then liabilities discharged pari passu under applicable law.
Assets of a limited liability partnership in winding up are to be applied first to pay the costs, expenses, charges, fees and remuneration of the liquidator incurred in winding up, and thereafter to discharge the LLP's liabilities pari passu in accordance with the Act and the Rules.
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