https://www.taxtmi.com/acts?id=13319 Rule 27 empowers the Tribunal on an LLP winding up petition to dismiss the petition, make interim orders, direct revival or rehabilitation, appoint a provisional liquidator pending a winding up order, make a winding up order, or issue other fit orders; the Tribunal may not refuse winding up solely because assets are mortgaged or absent. The Tribunal may refuse winding up on just and equitable grounds if an alternative remedy exists and petitioners act unreasonably. A provisional liquidator's powers may be limited by the appointing or subsequent order but otherwise match those of a liquidator. en-us Thu, 26 May 2011 12:03:51 +0530 Tue, 25 Jun 2024 12:29:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=13319 Rule 27 empowers the Tribunal on an LLP winding up petition to dismiss the petition, make interim orders, direct revival or rehabilitation, appoint a provisional liquidator pending a winding up order, make a winding up order, or issue other fit orders; the Tribunal may not refuse winding up solely because assets are mortgaged or absent. The Tribunal may refuse winding up on just and equitable grounds if an alternative remedy exists and petitioners act unreasonably. A provisional liquidator's powers may be limited by the appointing or subsequent order but otherwise match those of a liquidator. Act-Rules LLP Thu, 26 May 2011 12:03:51 +0530 https://www.taxtmi.com/acts?id=13319