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)
Payment of subsequent interest protects creditors by awarding interest on admitted claims until final distributable sum declared. Creditors whose proofs have been admitted are entitled to interest on their admitted claims from the date of the winding up order or resolution until the declaration of the final distributable sum, at a rate not exceeding the prime lending rate fixed by the Reserve Bank, after adjusting the admitted amount by distributable sums declared on each distribution date.
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.
Payment of subsequent interest protects creditors by awarding interest on admitted claims until final distributable sum declared.
Creditors whose proofs have been admitted are entitled to interest on their admitted claims from the date of the winding up order or resolution until the declaration of the final distributable sum, at a rate not exceeding the prime lending rate fixed by the Reserve Bank, after adjusting the admitted amount by distributable sums declared on each distribution date.
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