Adjustment of partners' rights directs the tribunal to reconcile entitlements and distribute any surplus to entitled persons. The Rule empowers the Tribunal to adjust the rights and entitlements of partners during LLP winding up and dissolution, and to distribute any remaining surplus among the persons entitled to it.
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.
Adjustment of partners' rights directs the tribunal to reconcile entitlements and distribute any surplus to entitled persons.
The Rule empowers the Tribunal to adjust the rights and entitlements of partners during LLP winding up and dissolution, and to distribute any remaining surplus among the persons entitled to it.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
