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Meeting of creditors

Rule 8 - Rules - Limited Liability Partnership (Winding up and Dissolution) Rules, 2012 - Rule 8 - 8. . (1) Where any LLP has creditors, secured or otherwise, such LLP shall, before taking any action for winding up of the LLP, seek approval of such c .....

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itors and an offer for creditors to accept such claims. (2) The creditors shall give to the LLP their opinion in respect of voluntary winding up proposed by the LLP or acceptance of offer made under sub-rule(1) within thirty days of receipt of declar .....

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s, the LLP shall be wound up voluntarily by partners; or (b) the LLP will not be able to pay for its debts in full from the proceeds of assets to be sold in voluntary winding up and propose that the LLP be wound up voluntarily by creditors, the LLP s .....

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