Chapter VI - Proceedings and Procedures - Petition for Winding up, Provisional Liquidator, Winding up Order, and Statement of Affairs, (From Rule 101 to Rule 110)
Chapter VI - Proceedings and Procedures - Meetings of creditors or partners in a winding up by Tribunal and of creditors in a voluntary winding up (From Rule 168 to Rule 190)
Chapter VI - Proceedings and Procedures - Proxies in relation to meetings in winding-up by Tribunal and to meetings of creditors in a voluntary winding-up (From Rule 191 to Rule 200)
Chapter VI - Proceedings and Procedures - Monies due from partners in a winding up by the Tribunal including outstanding contribution, etc. (From Rule 206 to Rule 209)
Chapter VI - Proceedings and Procedures - Examination of person suspected of having property of LLP etc. and examination of partners, designated partners, officers etc., in connection with the fruad etc. (From Rule 210 to Rule 224)
Chapter VI - Proceedings and Procedures - Application against delinquent partners, designated partners and officers of the LLP (From Rule 225 to Rule 234)
Chapter VI - Proceedings and Procedures - Payment of unclaimed distributable sums and undistributed assets into the LLPs liquidation account in a winding up (From Rule 296 to Rule 298)
Liquidator report requirement mandates comprehensive asset, liability and stakeholder disclosure and grants inspection rights to creditors and partners. Where the Tribunal has ordered winding up, the Liquidator must, within sixty days, submit a detailed report to the Tribunal listing assets (with valuer-sourced valuations), cash, marketable securities, partner contributions, secured and unsecured liabilities with security particulars, debts due and realizable amounts, guarantees, partners' dues, intangible assets, contracts, stakes in other entities, litigation, custody of records, any revival scheme, and other Tribunal-directed information; the Liquidator may also report on suspected fraud, business viability and further matters, and creditors or partners may inspect and copy the report on payment of the prescribed fee.
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.
Liquidator report requirement mandates comprehensive asset, liability and stakeholder disclosure and grants inspection rights to creditors and partners.
Where the Tribunal has ordered winding up, the Liquidator must, within sixty days, submit a detailed report to the Tribunal listing assets (with valuer-sourced valuations), cash, marketable securities, partner contributions, secured and unsecured liabilities with security particulars, debts due and realizable amounts, guarantees, partners' dues, intangible assets, contracts, stakes in other entities, litigation, custody of records, any revival scheme, and other Tribunal-directed information; the Liquidator may also report on suspected fraud, business viability and further matters, and creditors or partners may inspect and copy the report on payment of the prescribed fee.
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