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of <h1>Winding up of LLP starts with voluntary resolution or petition; Tribunal intervenes only on fraud or mistake.</h1> The commencement of winding up for a Limited Liability Partnership (LLP) by a Tribunal occurs under specific conditions. If a resolution for voluntary winding up is passed before a petition is presented to the Tribunal, the winding up is considered to have started at the resolution's passage. All proceedings in this voluntary winding up are valid unless the Tribunal finds fraud or mistake. In other cases, the winding up by the Tribunal begins at the time the winding up petition is presented.
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