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of <h1>Provisional Liquidator Appointment for LLPs: Affidavit Required, Tribunal Approval Needed, Notification Rules Apply Under Specific Conditions.</h1> After a winding-up petition for a Limited Liability Partnership (LLP) is admitted by the Tribunal, a creditor, partner, or the LLP itself may apply for the appointment of a Provisional Liquidator. This appointment requires an affidavit proving sufficient grounds and is subject to specific rules. The Tribunal may appoint a Provisional Liquidator if deemed just and necessary, with terms outlined by the Tribunal. If the LLP is not the applicant, it must be notified unless the Tribunal provides written reasons to waive this requirement. The appointment order will specify any restrictions on the Provisional Liquidator's powers.
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