Register of book-debts ensures systematic recording of outstanding debts and realizations during LLP liquidation for recovery. Register of book-debts and outstandings in LLP liquidation records debtor identity, particulars of claim, amounts due, actions taken, amounts realized, dates of realization and references to the suits register; it applies to debts not barred by limitation while allowing consideration of time-barred debts for realization in accordance with law.
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Register of book-debts ensures systematic recording of outstanding debts and realizations during LLP liquidation for recovery.
Register of book-debts and outstandings in LLP liquidation records debtor identity, particulars of claim, amounts due, actions taken, amounts realized, dates of realization and references to the suits register; it applies to debts not barred by limitation while allowing consideration of time-barred debts for realization in accordance with law.
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