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LLP Liquidator or Liquidator to exercise certain powers subject to sanction.

Rule 51 - Rule - LLP - Rule 51 - 51. (1) The LLP Liquidator or Liquidator, as the case may be, may - (a) with the sanction of the Tribunal, when the LLP is being wound up by the Tribunal; or (b) with the sanction of a resolution by three-fourths of total number of partners of the LLP and prior approval of the Tribunal, in the case of a voluntary winding up,- (i) pay any class of creditors in full; (ii) make any compromise or arrangement with creditors or persons claiming to be creditors, or havi .....

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