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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Creditor Seeks NCLT Supervision for LLP Winding Up Due to Unpaid Debt Under LLP Act, 2008</h1> A creditor has filed a petition for the winding up of a Limited Liability Partnership (LLP) under the Limited Liability Partnership Act, 2008. The LLP, incorporated in 20XX, is indebted to the petitioner for a specified sum, which remains unpaid despite a formal demand. Two-thirds of the LLP's creditors have agreed that the LLP cannot settle its debts through asset liquidation in a voluntary winding-up. The petitioner requests the National Company Law Tribunal (NCLT) to supervise the winding-up process to ensure creditor interests are protected. The petition includes details about the LLP's partners and the debt specifics.
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