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of <h1>LLP Liquidators Restricted from Buying Goods from Connected Parties Under Rule 281 Without Tribunal Approval</h1> Rule 281 of the Limited Liability Partnership (Winding up and Dissolution) Rules, 2012, restricts an LLP liquidator from purchasing goods for the LLP's business from any person with whom the liquidator has a connection that could result in a direct or indirect benefit, unless expressly sanctioned by the Tribunal. The liquidator must disclose any interest in the transaction when applying for such sanction, and the cost of obtaining the Tribunal's approval must be personally borne by the liquidator.
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