Duty to surrender LLP assets and records requires cooperation with the liquidator; non cooperation may prompt Tribunal directions. Partners, designated partners, officers, employees and other custodians must discover and deliver all LLP property, assets, actionable claims, books of account and documents to the liquidator or provisional liquidator within sixty days; custodians include past and present personnel and specified officers. These persons, including auditors, must fully cooperate with the liquidator, attend personal interviews, provide information and answers, and permit the liquidator to record minutes; failure to cooperate enables the liquidator to apply to the Tribunal for directions.
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.
Duty to surrender LLP assets and records requires cooperation with the liquidator; non cooperation may prompt Tribunal directions.
Partners, designated partners, officers, employees and other custodians must discover and deliver all LLP property, assets, actionable claims, books of account and documents to the liquidator or provisional liquidator within sixty days; custodians include past and present personnel and specified officers. These persons, including auditors, must fully cooperate with the liquidator, attend personal interviews, provide information and answers, and permit the liquidator to record minutes; failure to cooperate enables the liquidator to apply to the Tribunal for directions.
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