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[Cites 0, Cited by 0] [Section 279] [Entire Act]

Union of India - Subsection

Section 279(2) in The Limited Liability Partnership (Winding up and Dissolution) Rules, 2010

(2)If the Tribunal is of the opinion that the security furnished by the LLP Liquidator under sub-rule (1) is inadequate, the Tribunal may require the LLP Liquidator to furnish additional security. Where the security furnished is excessive, the LLP Liquidator may apply to the Tribunal for reducing the amount of security, and the Tribunal may make such order thereon as it thinks fit.