Rectification of partners' list: Liquidator may apply to tribunal to correct omission, mischaracterisation or interest errors. A liquidator who believes a partner was improperly omitted or that any entry in the finally settled partners' list (including characterisation, contribution amount or extent of interest) requires correction may, after giving notice to the partner concerned, apply to the Tribunal for rectification; the Tribunal may then rectify or vary the list as it deems fit.
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.
Rectification of partners' list: Liquidator may apply to tribunal to correct omission, mischaracterisation or interest errors.
A liquidator who believes a partner was improperly omitted or that any entry in the finally settled partners' list (including characterisation, contribution amount or extent of interest) requires correction may, after giving notice to the partner concerned, apply to the Tribunal for rectification; the Tribunal may then rectify or vary the list as it deems fit.
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