https://www.taxtmi.com/acts?id=13317 An LLP is deemed unable to pay its debts for winding-up where a creditor's formal demand for a due debt above the prescribed threshold remains unpaid and the LLP fails to provide adequate security, restructure, or compound the debt to the creditor's reasonable satisfaction; where execution or other process on a decree or order is returned unsatisfied in whole or in part; or where the Tribunal is satisfied on proof that the LLP cannot pay its debts, taking into account contingent and prospective liabilities. en-us Thu, 26 May 2011 11:58:22 +0530 Tue, 25 Jun 2024 12:24:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=13317 An LLP is deemed unable to pay its debts for winding-up where a creditor's formal demand for a due debt above the prescribed threshold remains unpaid and the LLP fails to provide adequate security, restructure, or compound the debt to the creditor's reasonable satisfaction; where execution or other process on a decree or order is returned unsatisfied in whole or in part; or where the Tribunal is satisfied on proof that the LLP cannot pay its debts, taking into account contingent and prospective liabilities. Act-Rules LLP Thu, 26 May 2011 11:58:22 +0530 https://www.taxtmi.com/acts?id=13317