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Inability to pay debts.

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.... WINDING UP BY THE TRIBUNAL 25. Inability to pay debts. 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 othe....

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.... 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 the LLP is re....

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Inability to pay debts.