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 ... Summary
Limited Liability Partnership (Winding up and Dissolution) Rules, 2012
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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