Proceedings and Procedures - Monies due from partners in a winding up by the Tribunal including outstanding contribution, etc.Limited Liability Partnership (Winding up and Dissolution) Rules, 2010
Proceedings and Procedures - Monies due from partners in a winding up by the Tribunal including outstanding contribution, etc.Limited Liability Partnership (Winding up and Dissolution) Rules, 2010
Compromise of LLP claims requires tribunal sanction and notice before a liquidator may abandon or settle claims. In a winding-up of an LLP, a liquidator may not compromise or abandon any LLP claim against a person without obtaining the Tribunal's sanction and giving ... Summary
Compromise of LLP claims requires tribunal sanction and notice before a liquidator may abandon or settle claims.
In a winding-up of an LLP, a liquidator may not compromise or abandon any LLP claim against a person without obtaining the Tribunal's sanction and giving notice to that person as the Tribunal directs, thereby restricting the liquidator's authority to settle or relinquish claims.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.