Inability to pay debts
X X X X Extracts X X X X
X X X X Extracts X X X X
.... Tribunal Inability to pay debts 25. For the purposes of clause (c) of section 64, an LLP shall be deemed to be unable to pay its debts- (a) if a creditor, by assignment or otherw....
X X X X Extracts X X X X
X X X X Extracts X X X X
....compound the debt to the reasonable satisfaction of the creditor; (b) if any execution or other process issued on a decree or order of any Court or Tribunal in favour of a creditor of t....
TaxTMI