Proceedings and Procedures - Filing, audit and inspection of the liquidator’s accountLimited Liability Partnership (Winding up and Dissolution) Rules, 2010
Proceedings and Procedures - Filing, audit and inspection of the liquidator’s accountLimited Liability Partnership (Winding up and Dissolution) Rules, 2010
Winding up operates in favour of creditors and partners, ensuring all stakeholders benefit from LLP dissolution orders. An order for winding up a limited liability partnership operates in favour of all creditors and all partners; the statutory effect is that the winding up ... Summary
Winding up operates in favour of creditors and partners, ensuring all stakeholders benefit from LLP dissolution orders.
An order for winding up a limited liability partnership operates in favour of all creditors and all partners; the statutory effect is that the winding up proceedings, and any resultant realization or distribution of assets, benefit every creditor and every partner under Rule 32 of the LLP (Winding up and Dissolution) Rules, 2010.
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