Petition by contingent creditor requires tribunal leave before admission and prohibits advertisement until conditions are met. A contingent or prospective creditor filing a winding-up petition against an LLP must include an application for leave of the Tribunal for admission; no advertisement of the petition is permitted until leave is granted or until any conditions precedent attached to the leave have been fulfilled.
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.
Petition by contingent creditor requires tribunal leave before admission and prohibits advertisement until conditions are met.
A contingent or prospective creditor filing a winding-up petition against an LLP must include an application for leave of the Tribunal for admission; no advertisement of the petition is permitted until leave is granted or until any conditions precedent attached to the leave have been fulfilled.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
AI OCR ✕
of 
TaxTMI 
TaxTMI 
