Costs of proof: creditor must bear costs of proving debt unless Member orders otherwise in winding-up proceedings. Rule 150 provides that, as a default under the Limited Liability Partnership (Winding up and Dissolution) Rules, 2012, a creditor shall bear the costs of proving his debt unless the Member otherwise orders, thereby allocating the financial burden of proof in winding-up proceedings while preserving the Member's discretion to alter that allocation.
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Costs of proof: creditor must bear costs of proving debt unless Member orders otherwise in winding-up proceedings.
Rule 150 provides that, as a default under the Limited Liability Partnership (Winding up and Dissolution) Rules, 2012, a creditor shall bear the costs of proving his debt unless the Member otherwise orders, thereby allocating the financial burden of proof in winding-up proceedings while preserving the Member's discretion to alter that allocation.
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