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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>LLP Property Disclaimer Requires Summons, Affidavit Detailing Interests and Solvency Under LLP Winding Up Rules, Rule 228.</h1> An application to disclaim onerous property of a Limited Liability Partnership (LLP) requires a summons supported by an affidavit detailing the property's facts, interested parties, and the nature of their interests. The affidavit must also state the LLP's solvency and whether any notice has been served on the liquidator to decide on disclaiming. Forms 76 to 76F are prescribed for these matters, with necessary adjustments. This procedure is governed by the Limited Liability Partnership (Winding up and Dissolution) Rules, 2010, specifically under Rule 228 concerning applications against delinquent partners and officers of the LLP.
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