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        LLP

        Rule 32 - Winding up to operate in favour of all creditors and partners.

        Limited Liability Partnership (Winding up and Dissolution) Rules, 2012
        Chapter 01

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        Winding up orders operate for creditors and partners, ensuring legal effect across both stakeholder classes in LLP dissolution. An order for the winding up of a Limited Liability Partnership establishes that the legal effect of such an order accrues to both classes of stakeholders: the LLP's creditors and its partners, making the dissolution mechanism applicable to all creditors and all partners under the LLP (Winding up and Dissolution) Rules, 2012.
                          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.

                                Winding up orders operate for creditors and partners, ensuring legal effect across both stakeholder classes in LLP dissolution.

                                An order for the winding up of a Limited Liability Partnership establishes that the legal effect of such an order accrues to both classes of stakeholders: the LLP's creditors and its partners, making the dissolution mechanism applicable to all creditors and all partners under the LLP (Winding up and Dissolution) Rules, 2012.


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