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
Misfeasance and breach of trust claims trigger repayment to the liquidator with interest and costs in LLP winding-up. Allegations in an LLP winding-up claim assert that specified past or present partners and officers committed misfeasance and breach of trust, stating the ... Summary
Misfeasance and breach of trust claims trigger repayment to the liquidator with interest and costs in LLP winding-up.
Allegations in an LLP winding-up claim assert that specified past or present partners and officers committed misfeasance and breach of trust, stating the LLP's incorporation, winding-up order, each respondent's capacity, factual particulars of misconduct and the amounts for which they are jointly and severally liable. The liquidator seeks a declaration of misfeasance and breach of trust, repayment of the sums to the Liquidator with interest from specified dates, costs, and further or other relief, with particulars to be set out in separate numbered paragraphs.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.