Tribunal directions govern timelines, sales, revival and fraud investigation following the liquidator's report in winding up.

The rule empowers the Tribunal to fix and adjust time-limits for completion of winding up on the Liquidator's report, permitting reduction of time where continuation is uneconomical and limited extensions on application. The Tribunal may order sale of the LLP or its assets, appoint a Sale Committee to assist the Liquidator, direct revival or rehabilitation where feasible, mandate investigation upon reports of fraud, and order steps to protect or enhance asset value or other incidental directions necessary for winding up.

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