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    <title>Duties of Liquidator</title>
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    <description>The Liquidator, subject to Tribunal sanction and control, shall manage the LLP&#039;s business for beneficial winding up, take custody of assets and records, realize property (including intangible assets) by sale or other means, obtain valuations and invite bids by advertisement with prescribed particulars and timelines, permit inspection and receive bids within stipulated windows, file a report on bid outcomes, investigate affairs for fraud or misfeasance and report to the Tribunal within one year (or explain otherwise), summon persons for statements, maintain separate bank accounts and books for each LLP, examine creditor claims and prepare lists, and perform all acts necessary for winding up as directed by the Tribunal.</description>
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    <pubDate>Thu, 26 May 2011 12:22:54 +0530</pubDate>
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