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of <h1>Secured creditors voting on security valuation must relinquish it within 28 days under Rule 186, if required by liquidator.</h1> Under Rule 186 of the Limited Liability Partnership (Winding up and Dissolution) Rules, 2012, if a secured creditor votes based on their valuation of security without surrendering it, the liquidator has 28 days from the meeting date to require the creditor to relinquish the security for the benefit of all creditors, upon payment of the estimated value. The liquidator may seek a Tribunal order to enforce this. The Tribunal may allow the creditor to amend their valuation before surrendering the security, subject to terms regarding costs deemed just.
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