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)
Rule 245 - Payment of distributable sum or return of Assets due to a deceased creditor or partner
Limited Liability Partnership (Winding up and Dissolution) Rules, 2010 Chapter VI Proceedings and Procedures - Distributable sum and returns of assets in a winding up by Tribunal
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Payment of distributable sum: Tribunal may sanction heirs' claims without succession certificate, subject to payee indemnity. Rule 245 allows a liquidator, having satisfied the claimant's right to a distributable sum due to a deceased creditor or a return of contribution due to a deceased partner, to apply to the Tribunal for sanction to pay without production of a succession certificate; where sanctioned, the liquidator must obtain a personal indemnity from the payee before payment.
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 distributable sum: Tribunal may sanction heirs' claims without succession certificate, subject to payee indemnity.
Rule 245 allows a liquidator, having satisfied the claimant's right to a distributable sum due to a deceased creditor or a return of contribution due to a deceased partner, to apply to the Tribunal for sanction to pay without production of a succession certificate; where sanctioned, the liquidator must obtain a personal indemnity from the payee before payment.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.