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