Dissolution of LLP may permit tribunal to order winding up measures including application of balances and disposal of records. After hearing the Liquidator and any other persons so notified and on perusal of the audited account, the Tribunal may make orders for dissolution of the LLP, direct the application of the balance in the Liquidator's hands subject to the Act or its payment into the LLP's Liquidation Account in the public account, and order disposal of the books and papers of the LLP and of the Liquidator.
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.
Dissolution of LLP may permit tribunal to order winding up measures including application of balances and disposal of records.
After hearing the Liquidator and any other persons so notified and on perusal of the audited account, the Tribunal may make orders for dissolution of the LLP, direct the application of the balance in the Liquidator's hands subject to the Act or its payment into the LLP's Liquidation Account in the public account, and order disposal of the books and papers of the LLP and of the Liquidator.
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