Custody of LLP property enforced by liquidator and Tribunal directions for delivery and preservation of assets. Where a winding up order is made or a Provisional Liquidator appointed, the Liquidator shall, on the Tribunal's order, take into his custody or control all property, assets, effects and actionable claims of the LLP and protect and preserve them. The Tribunal may require any person in possession of LLP money, property or books to deliver them to the Liquidator, and may direct the Chief Presidency Magistrate or District Magistrate to take possession and deliver such items to the Liquidator. All LLP property is deemed in the custody of the Tribunal from the date of the winding up order.
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.
Custody of LLP property enforced by liquidator and Tribunal directions for delivery and preservation of assets.
Where a winding up order is made or a Provisional Liquidator appointed, the Liquidator shall, on the Tribunal's order, take into his custody or control all property, assets, effects and actionable claims of the LLP and protect and preserve them. The Tribunal may require any person in possession of LLP money, property or books to deliver them to the Liquidator, and may direct the Chief Presidency Magistrate or District Magistrate to take possession and deliver such items to the Liquidator. All LLP property is deemed in the custody of the Tribunal from the date of the winding up order.
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