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Inability to pay debts.

Rule 25 - Rules - Limited Liability Partnership (Winding up and Dissolution) Rules, 2012 - Rule 25 - PART IV WINDING UP BY THE TRIBUNAL 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 c .....

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LLP to pay the amount so due and the LLP has failed to pay the such amount within twenty-one days after the receipt of such demand or to provide adequate security or restructure or compound the debt to the reasonable satisfaction of the creditor; (b) .....

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