https://www.taxtmi.com/acts?id=20829 The rule defines inability to pay its debts for an LLP by three grounds: failure to satisfy a creditor's demand or to provide adequate security or restructure or compound the debt to the creditor's reasonable satisfaction; return of execution or other process on a decree or order in favour of a creditor unsatisfied in whole or in part; and proof to the Tribunal that the LLP cannot pay its debts, with the Tribunal taking into account contingent and prospective liabilities. en-us Tue, 26 Apr 2016 12:54:00 +0530 Thu, 20 Jun 2024 18:23:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20829 The rule defines inability to pay its debts for an LLP by three grounds: failure to satisfy a creditor's demand or to provide adequate security or restructure or compound the debt to the creditor's reasonable satisfaction; return of execution or other process on a decree or order in favour of a creditor unsatisfied in whole or in part; and proof to the Tribunal that the LLP cannot pay its debts, with the Tribunal taking into account contingent and prospective liabilities. Act-Rules LLP Tue, 26 Apr 2016 12:54:00 +0530 https://www.taxtmi.com/acts?id=20829