Unclaimed distributable sums require realization of invested funds and payment into the LLPs liquidation account. Rule 297 treats money invested or deposited at interest by the liquidator as money in his hand; if such invested funds form part of unclaimed ... Summary
Unclaimed distributable sums require realization of invested funds and payment into the LLPs liquidation account.
Rule 297 treats money invested or deposited at interest by the liquidator as money in his hand; if such invested funds form part of unclaimed distributable sums or undistributed assets, the liquidator shall realize the investment or withdraw the deposit and pay the proceeds into the LLPs Liquidation Account.
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