Winding up of limited liability partnership: petition may be presented when it is just and equitable. Where an LLP is liable to be wound up under this Act or other law and a report under section 49 indicates circumstances of the kind referred to in clause (c) of sub section (3) of section 43, the Central Government may, unless the LLP is already being wound up by the Tribunal, cause a person authorised by it to present to the Tribunal a petition for winding up on the just and equitable ground.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Winding up of limited liability partnership: petition may be presented when it is just and equitable.
Where an LLP is liable to be wound up under this Act or other law and a report under section 49 indicates circumstances of the kind referred to in clause (c) of sub section (3) of section 43, the Central Government may, unless the LLP is already being wound up by the Tribunal, cause a person authorised by it to present to the Tribunal a petition for winding up on the just and equitable ground.
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