Law · Limited Liability Partnership Act
If a sanctioned compromise or arrangement under the LLP Act cannot be implemented satisfactorily with or without modifications, the National Company Law Tribunal (NCLT) has the power to:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Suspend the designated partners from business operations
- 2Make an order for the winding up of the LLP✓
- 3Refer the matter to mandatory international arbitration
- 4Impose additional administrative fines on all partners
Correct answer
Make an order for the winding up of the LLP
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