Limited Liability Partnership (Winding up and Dissolution) Rules, 2012 - G.S.R. 550 (E)

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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.

<h1>LLP winding up procedures: standardized initiation, creditor involvement, liquidator duties and Tribunal supervision for dissolution.</h1> Comprehensive rules establish procedures for voluntary and Tribunal-ordered winding up of LLPs, detailing initiation criteria, creditor engagement, declaration of solvency, appointment and duties of LLP Liquidators and Liquidators (including security, conflict disclosures, accounting, audits and quarterly reporting), custody and preservation of assets, proof of debts and priority of distribution, sale as going concern, Tribunal powers to investigate fraud or transfer proceedings, and standardized forms, notices, registers and timelines for filings, inspections, and final dissolution.

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