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of <h1>Liquidator Must Receive Gross Sale Proceeds from Auctioneer Under Rule 239; Expenses Paid per Tribunal-Approved Scales.</h1> In the context of winding up a Limited Liability Partnership (LLP), Rule 239 of the Limited Liability Partnership (Winding up and Dissolution) Rules, 2010, stipulates that when a liquidator sells LLP assets through an auctioneer or agent, the gross proceeds from the sale must be handed over to the liquidator. Subsequently, the auctioneer or agent is to be paid the charges and expenses related to the sale, based on scales set or approved by the Tribunal, unless the Tribunal orders otherwise.
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