Appointment of Provisional Liquidator limits powers and mandates taking charge of LLP assets under court order. Appointment of a Provisional Liquidator is ordered on the applicant's petition after hearings and affidavits. The tribunal names the provisional liquidator, limits and restricts the powers by detailing authorized acts, and directs the provisional liquidator to take charge of all property and effects of the LLP. The order states that application costs shall be costs in the petition and requires persons named in the rules to attend and provide information; specific properties may be listed in an annexed schedule when possession is directed.
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.
Appointment of Provisional Liquidator limits powers and mandates taking charge of LLP assets under court order.
Appointment of a Provisional Liquidator is ordered on the applicant's petition after hearings and affidavits. The tribunal names the provisional liquidator, limits and restricts the powers by detailing authorized acts, and directs the provisional liquidator to take charge of all property and effects of the LLP. The order states that application costs shall be costs in the petition and requires persons named in the rules to attend and provide information; specific properties may be listed in an annexed schedule when possession is directed.
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