Disposal of books and papers of LLP.

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Full Text of the Document

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....idator may be disposed of as follows :- (a) in the case of winding up by the Tribunal, in such manner as the Tribunal directs; and (b) in the case of voluntary winding up, in such manner as the LLP approves it by three-fourths of the total number of partners with the prior approval of the secured creditors. (2) After the expiry of five years from the dissolution of the LLP, no....