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
Periodical payments prorated on winding up allow creditors to prove accrued portions; landlord retains rent claim during occupation. Creditors entitled to rent or other periodic payments may prove in a winding up for a proportionate part of any instalment where the winding up order or ... Summary
Periodical payments prorated on winding up allow creditors to prove accrued portions; landlord retains rent claim during occupation.
Creditors entitled to rent or other periodic payments may prove in a winding up for a proportionate part of any instalment where the winding up order or resolution is made between stated payment periods, treating the payment as accruing from day to day up to the winding up date. The rule preserves the landlord's entitlement to claim rent from the LLP or the liquidator for any period during which the liquidator remains in occupation of the demised premises.
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