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 powers subject to partner approval and prior oversight; permits payments to creditors, compromises, and security arrangements. The LLP Liquidator or Liquidator must obtain sanction before exercising specified powers: if wound up by the Tribunal, the sanction of the Tribunal; if voluntarily wound up, sanction by a resolution of three fourths of total partners and prior Tribunal approval. Powers include paying any class of creditors in full, compromising or arranging with creditors and claimants, compromising amounts due from partners or other debtors, taking security for discharge of debts or liabilities, and giving complete discharges. Creditors or partners may apply to the Tribunal regarding any exercise or proposed exercise of these powers.
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 powers subject to partner approval and prior oversight; permits payments to creditors, compromises, and security arrangements.
The LLP Liquidator or Liquidator must obtain sanction before exercising specified powers: if wound up by the Tribunal, the sanction of the Tribunal; if voluntarily wound up, sanction by a resolution of three fourths of total partners and prior Tribunal approval. Powers include paying any class of creditors in full, compromising or arranging with creditors and claimants, compromising amounts due from partners or other debtors, taking security for discharge of debts or liabilities, and giving complete discharges. Creditors or partners may apply to the Tribunal regarding any exercise or proposed exercise of these powers.
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