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of <h1>LLP Winding Up: Circumstances Under LLP Act 2008, Including Partner Shortage and Filing Defaults</h1> A limited liability partnership (LLP) may be wound up by a Tribunal under the Limited Liability Partnership Act, 2008, in several circumstances: if the LLP decides to be wound up by the Tribunal; if the number of partners falls below two for over six months; if the LLP acts against India's sovereignty, integrity, state security, or public order; if it defaults in filing required documents with the Registrar for five consecutive years; or if the Tribunal finds it just and equitable to wind up the LLP. The provision regarding inability to pay debts was omitted by the Insolvency and Bankruptcy Code, 2016.
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