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
Rule 228 - Application for disclaimer of onerous property
Limited Liability Partnership (Winding up and Dissolution) Rules, 2010 Chapter VI Proceedings and Procedures - Application against delinquent partners, designated partners and officers of the LLP
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Disclaimer of onerous property: LLPs must file a summons with an affidavit disclosing property facts, interested parties, and solvency. An application for leave to disclaim onerous property by an LLP must be by summons supported by an affidavit detailing the property, interested parties ... Summary
Disclaimer of onerous property: LLPs must file a summons with an affidavit disclosing property facts, interested parties, and solvency.
An application for leave to disclaim onerous property by an LLP must be by summons supported by an affidavit detailing the property, interested parties and their interests, state whether the LLP is solvent and whether any notice has been served on the liquidator requiring an election on disclaimer; specified forms are to be used with necessary variations.
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