Proceedings and Procedures - Payment of unclaimed distributable sums and undistributed assets into the LLPs liquidation account in a winding upLimited Liability Partnership (Winding up and Dissolution) Rules, 2010
Proceedings and Procedures - Payment of unclaimed distributable sums and undistributed assets into the LLPs liquidation account in a winding upLimited Liability Partnership (Winding up and Dissolution) Rules, 2010
Meetings to ascertain creditors' and partners' wishes: Tribunal may call meetings and weigh votes by economic stake. Rule 61 permits the Tribunal, in LLP winding up, to ascertain and have regard to creditors' or partners' wishes by directing meetings, appointing chairmen ... Summary
Meetings to ascertain creditors' and partners' wishes: Tribunal may call meetings and weigh votes by economic stake.
Rule 61 permits the Tribunal, in LLP winding up, to ascertain and have regard to creditors' or partners' wishes by directing meetings, appointing chairmen to report outcomes, and requires that creditors' wishes be weighted by the value of each creditor's debt and partners' wishes by the value of each partner's contribution.
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