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    <title>Security by LLP liquidator appointed by Tribunal</title>
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    <description>Requirement to furnish security by an LLP liquidator is a pre-condition to assuming office, with the Tribunal fixing the amount and manner. The cost of that security is borne by the liquidator and not charged to LLP assets. The Tribunal may require additional security if inadequate and may order reduction on the liquidator&#039;s application where security is excessive.</description>
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    <pubDate>Thu, 26 May 2011 16:18:24 +0530</pubDate>
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      <description>Requirement to furnish security by an LLP liquidator is a pre-condition to assuming office, with the Tribunal fixing the amount and manner. The cost of that security is borne by the liquidator and not charged to LLP assets. The Tribunal may require additional security if inadequate and may order reduction on the liquidator&#039;s application where security is excessive.</description>
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