LLP liquidator requisition power requires a statement on winding conduct and asset dealings; failure permits Tribunal directions. The Tribunal-appointed Liquidator may requisition from any LLP liquidator who conducted a prior voluntary winding-up a written statement describing how that winding-up was conducted, how the LLP's assets were dealt with, and the position of the liquidation as at the date of the Tribunal's winding-up order, with a specified time for compliance; if the required statement is not furnished within the time fixed, the Liquidator may 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.
LLP liquidator requisition power requires a statement on winding conduct and asset dealings; failure permits Tribunal directions.
The Tribunal-appointed Liquidator may requisition from any LLP liquidator who conducted a prior voluntary winding-up a written statement describing how that winding-up was conducted, how the LLP's assets were dealt with, and the position of the liquidation as at the date of the Tribunal's winding-up order, with a specified time for compliance; if the required statement is not furnished within the time fixed, the Liquidator may apply to the Tribunal for directions.
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