|
52. Revocation of dissolution (1) Where a limited liability partnership has been dissolved under section 49, 50 or 51, any partner, creditor or aggrieved person at any time within two years from the date of the dissolution may apply to the court for revocation of the dissolution on the grounds that- (a) the limited liability partnership has not discharged all its debts and liabilities; or (b) it is just and reasonable that the dissolution of the limited liability partnership be revoked. (2) if the court is satisfied with the application made under subsection (1), the court may order that the dissolution of the limited liability partnership be revoked and upon a sealed copy of the order being delivered to the Registrar for registration, the limited liability partnership shall be deemed to have continued in existence as if it had not been dissolved. (3) The court may, by the order made under subsection (2), give such directions and make such provisions as it deems just for placing the limited liability partnership and all other persons affected by the dissolution in the same position as nearly as may be as if the limited liability partnership had not been dissolved.
|
User Log in
