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of <h1>Liquidator Must Deposit LLP Funds in Scheduled Bank or Public Account; Daily Deposits Required; Cheque for Payments Over 1,000.</h1> All money received by a Liquidator of a Limited Liability Partnership (LLP) must be deposited into a designated Scheduled Bank or the Public Account of India in the Liquidator's official name. Daily realizations must be deposited by the next working day unless the amount is less than one thousand rupees. Payments exceeding one thousand rupees should be made by cheque. If the Liquidator is appointed from a panel, the Tribunal may specify alternative banking arrangements. The Liquidator must maintain a bank remittance challan book with serially numbered counterfoils, and the bank must acknowledge all deposits.
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