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    <title>Directions of Tribunal on report of Liquidator etc.</title>
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    <description>Tribunal, on the Liquidator&#039;s report, fixes a time-limit for completion of winding up and dissolution, may shorten that period if proceedings are uneconomical, and may allow a limited extension on application by the Liquidator. The Tribunal may order sale of the LLP or its assets and appoint a Sale Committee to assist, or direct revival procedures where rehabilitation is practicable. Upon report of fraud, the Tribunal shall order investigation and may pass orders after considering the report, and it may take steps to protect or enhance asset value and give other necessary directions.</description>
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      <pubDate>Thu, 26 May 2011 12:13:31 +0530</pubDate>
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