Inability to pay debts

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... to pay debts 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 creditor, by assignment or otherwise, to whom the LLP is indebted for an a .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... faction of the creditor; (b) if any execution or other process issued on a decree or order of any Court or Tribunal in favour of a creditor of the LLP is returned unsatisfied in whole or in part; or ( .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X