Proceedings and Procedures - Collection and distribution of assets in a winding-up by TribunalLimited Liability Partnership (Winding up and Dissolution) Rules, 2010
Proceedings and Procedures - Collection and distribution of assets in a winding-up by TribunalLimited Liability Partnership (Winding up and Dissolution) Rules, 2010
Limited Liability Partnership (Winding up and Dissolution) Rules, 2010 Chapter VI Proceedings and Procedures - Petition for Winding up, Provisional Liquidator, Winding up Order, and Statement of Affairs,
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Substitution in winding-up petitions allows a substituted creditor or partner to amend and continue petition with same presentation date. Rule 108 requires that, when a creditor or partner is substituted as petitioner in a winding-up petition, the hearing be adjourned and the substituted ... Summary
Substitution in winding-up petitions allows a substituted creditor or partner to amend and continue petition with same presentation date.
Rule 108 requires that, when a creditor or partner is substituted as petitioner in a winding-up petition, the hearing be adjourned and the substituted party must promptly amend the petition and file two clean copies plus a duplicate affidavit stating the grounds supporting the petition; the amended petition is treated as the petition for winding-up and deemed presented on the original presentation date.
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