Deposit of negotiable instruments requires immediate lodging with a bank for presentation and credit to the liquidator's account. Bills, cheques, hundies, notes and similar securities payable to the LLP or its liquidator must be deposited by the liquidator with a bank for presentation for acceptance and payment or for payment only, and the proceeds when realised shall be credited by the bank to the liquidator's account.
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Provisions expressly mentioned in the judgment/order text.
Deposit of negotiable instruments requires immediate lodging with a bank for presentation and credit to the liquidator's account.
Bills, cheques, hundies, notes and similar securities payable to the LLP or its liquidator must be deposited by the liquidator with a bank for presentation for acceptance and payment or for payment only, and the proceeds when realised shall be credited by the bank to the liquidator's account.
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