Law · Limited Liability Partnership Act
Under the provisions of the Limited Liability Partnership Act, 2008, a compromise or arrangement may be proposed between whom?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Between the LLP and the Central Government
- 2Between the LLP and its creditors, or between the LLP and its partners✓
- 3Between the creditors of the LLP only
- 4Between the partners of the LLP only
Correct answer
Between the LLP and its creditors, or between the LLP and its partners
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