Unclaimed distributable sums require realization of invested funds and payment into the LLPs liquidation account. Rule 297 treats money invested or deposited at interest by the liquidator as money in his hand; if such invested funds form part of unclaimed distributable sums or undistributed assets, the liquidator shall realize the investment or withdraw the deposit and pay the proceeds into the LLPs Liquidation Account.
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.
Unclaimed distributable sums require realization of invested funds and payment into the LLPs liquidation account.
Rule 297 treats money invested or deposited at interest by the liquidator as money in his hand; if such invested funds form part of unclaimed distributable sums or undistributed assets, the liquidator shall realize the investment or withdraw the deposit and pay the proceeds into the LLPs Liquidation Account.
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