Declaration of distributable sum: public advertisement required and payments made only on production of entitlement notices. Declaration of a distributable sum in LLP liquidation must be advertised specifying whether it is the first, second or final distributable sum, the payment commencement date and subsequent working days at the Liquidator's office; payments are made only upon production of individual notices to entitled persons, and the advertisement must be given at least one month prior to the payment start date.
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.
Declaration of distributable sum: public advertisement required and payments made only on production of entitlement notices.
Declaration of a distributable sum in LLP liquidation must be advertised specifying whether it is the first, second or final distributable sum, the payment commencement date and subsequent working days at the Liquidator's office; payments are made only upon production of individual notices to entitled persons, and the advertisement must be given at least one month prior to the payment start date.
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