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of <h1>LLP Deemed Insolvent Under Rule 25 if Payment Demand Over One Lakh Rupees Unanswered in 21 Days or Court Order Unsatisfied.</h1> An LLP is considered unable to pay its debts under Rule 25 of the Limited Liability Partnership (Winding up and Dissolution) Rules, 2012, if it meets any of the following conditions: a creditor owed more than one lakh rupees has demanded payment and the LLP fails to respond within 21 days; a court order in favor of a creditor remains unsatisfied; or the Tribunal is convinced of the LLP's inability to pay its debts, considering its contingent and prospective liabilities.
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