LLP dissolution process requires liquidator report and partner or creditor approval before Tribunal dissolution order. Dissolution follows complete winding up by the LLP Liquidator, who must prepare and circulate a report and final winding up accounts showing disposal of assets and discharge of debts, obtain partner or creditor approval (by meeting or circulation) with prescribed clarification timelines, and, if approved, file the accounts with the Registrar and an application to the Tribunal for an order of dissolution; failure to obtain required approval or completion within the voluntary winding up period requires the Liquidator to seek Tribunal determination or directions.
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Provisions expressly mentioned in the judgment/order text.
LLP dissolution process requires liquidator report and partner or creditor approval before Tribunal dissolution order.
Dissolution follows complete winding up by the LLP Liquidator, who must prepare and circulate a report and final winding up accounts showing disposal of assets and discharge of debts, obtain partner or creditor approval (by meeting or circulation) with prescribed clarification timelines, and, if approved, file the accounts with the Registrar and an application to the Tribunal for an order of dissolution; failure to obtain required approval or completion within the voluntary winding up period requires the Liquidator to seek Tribunal determination or directions.
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