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of <h1>LLP Voluntary Winding Up: Creditor Arrangement Binding If Tribunal Approved Within 21 Days Per LLP Rules 2010.</h1> Any arrangement made between a Limited Liability Partnership (LLP) undergoing voluntary winding up and its creditors, approved by three-fourths of the total partners and creditors in value, becomes binding if submitted to the Tribunal within 21 days of approval. The arrangement requires Tribunal approval to be effective, as per the Limited Liability Partnership (Winding up and Dissolution) Rules, 2010.
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