Home Acts & Rules LLP Old-Provisions Limited Liability Partnership (Winding up and Dissolution) Rules, 2010 Chapters List Chapter VI Proceedings and Procedures - Meetings of creditors or partners in a winding up by Tribunal and of creditors in a voluntary winding up This
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Rule 184 - Cases to which creditors may not vote - Limited Liability Partnership (Winding up and Dissolution) Rules, 2010Extract Cases to which creditors may not vote 184. A creditor shall not vote in respect of any unliquidated or contingent debt or any debt the value of which is not ascertained, nor shall a creditor vote in respect of any debt on or secured by a current bill of exchange or promissory note held by him unless he is willing to treat liability to him thereon of every person who is liable thereon antecedently to the LLP, and against whom no order of adjudication has been made, as a security in his hands, and to estimate the value thereof, and for the purposes of voting, but not for purposes of distributable sum, to deduct it from his proof.
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