https://www.taxtmi.com/acts?id=20855 The rule conditions certain powers of an LLP Liquidator on sanction: Tribunal sanction is required for tribunal-ordered winding up; in voluntary winding up a partners' resolution plus prior Tribunal approval is required. Subject to sanction, the liquidator may pay creditors in full, compromise or arrange with creditors or claimants, compromise debts or claims against partners or other debtors, take security and give complete discharge. Creditors or partners may apply to the Tribunal about any exercise or proposed exercise of these powers, and the Tribunal may after hearing make appropriate orders. en-us Tue, 26 Apr 2016 13:04:12 +0530 Mon, 24 Jun 2024 11:53:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20855 The rule conditions certain powers of an LLP Liquidator on sanction: Tribunal sanction is required for tribunal-ordered winding up; in voluntary winding up a partners' resolution plus prior Tribunal approval is required. Subject to sanction, the liquidator may pay creditors in full, compromise or arrange with creditors or claimants, compromise debts or claims against partners or other debtors, take security and give complete discharge. Creditors or partners may apply to the Tribunal about any exercise or proposed exercise of these powers, and the Tribunal may after hearing make appropriate orders. Act-Rules LLP Tue, 26 Apr 2016 13:04:12 +0530 https://www.taxtmi.com/acts?id=20855