Liquidator insolvency results in vacating the office and deemed removal under LLP winding-up rules procedure. An LLP liquidator adjudicated insolvent vacates the office by operation of the winding-up rules and is deemed removed for purposes of the Act and related rules, effectuating automatic cessation of the liquidator's authority upon the adjudication of insolvency.
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.
Liquidator insolvency results in vacating the office and deemed removal under LLP winding-up rules procedure.
An LLP liquidator adjudicated insolvent vacates the office by operation of the winding-up rules and is deemed removed for purposes of the Act and related rules, effectuating automatic cessation of the liquidator's authority upon the adjudication of insolvency.
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