Expenses of sale: auction proceeds go to the Liquidator, agent fees payable as Tribunal approved scales. Where LLP property is sold by the Liquidator through an auctioneer or agent, the gross proceeds of the sale shall be paid over to the Liquidator by such auctioneer or agent unless the Tribunal otherwise orders; charges and expenses connected with the sale shall be paid to the auctioneer or agent in accordance with scales fixed by the Tribunal or as approved by the Tribunal.
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.
Expenses of sale: auction proceeds go to the Liquidator, agent fees payable as Tribunal approved scales.
Where LLP property is sold by the Liquidator through an auctioneer or agent, the gross proceeds of the sale shall be paid over to the Liquidator by such auctioneer or agent unless the Tribunal otherwise orders; charges and expenses connected with the sale shall be paid to the auctioneer or agent in accordance with scales fixed by the Tribunal or as approved by the Tribunal.
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