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of <h1>Rule 168: Liquidators Can Summon Meetings to Decide on LLP Winding Up, Subject to Tribunal Control.</h1> Rule 168 of the Limited Liability Partnership (Winding up and Dissolution) Rules, 2012, outlines the procedures for meetings during the winding up of an LLP. In a winding up by the Tribunal, the Liquidator may summon meetings of creditors or partners, known as 'Liquidator's meetings,' to determine their wishes regarding the winding up, subject to Tribunal control. In a voluntary winding up, the LLP liquidator can independently convene meetings, termed 'voluntary liquidation meetings,' to ascertain creditors' wishes. These meetings are conducted according to the rules and are essential for decision-making during the winding up process.
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