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        Rule 206 - Liquidator to realize unrealized contribution etc.

        Limited Liability Partnership (Winding up and Dissolution) Rules, 2012
        Chapter 01

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        Recovery of unrealized partner contributions: Liquidator exclusively enforces and collects contributions as LLP assets free from charge. The rule gives the Liquidator exclusive authority in a Tribunal winding-up to recover unpaid or unrealized partner contributions arising from contracts for services, contribution agreements, or other events, and treats such recoveries as collection of LLP assets free from charge, notwithstanding any existing charge or encumbrance on the contributions.
                          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.

                                Recovery of unrealized partner contributions: Liquidator exclusively enforces and collects contributions as LLP assets free from charge.

                                The rule gives the Liquidator exclusive authority in a Tribunal winding-up to recover unpaid or unrealized partner contributions arising from contracts for services, contribution agreements, or other events, and treats such recoveries as collection of LLP assets free from charge, notwithstanding any existing charge or encumbrance on the contributions.


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