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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.

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GST India Solution is an effort of firm of professionals who welcome implementation of GST. This is an interactiveplatformthat aspires to disseminate right knowledge to professionals, practitioners and public at large. This platform has beenfloatedbya firm of Chartered Accountants relentlessly working in field of direct and indirect taxes since early 1985.

Goods & Service Tax

Our core competence is statutory compliance, advisory, corporate tax planning and appellate matters of direct and indirect taxesandcorporate training sessions on GST.

The senior partner of the firm has to his credit several professional publications viz., Delhi Sales Tax Right to Use Goods Act, Delhi VAT, Maharashtra VAT, West Bengal VAT, Haryana VAT published by Taxmann. Madhya Pradesh VAT and Chhattisgarh VAT were published by Suvidha Law House, Bhopal. He has also addressed seminars on indirect taxes organized by professional bodies like ICAI, IMA, NIFM etc. and has also contributed articles on subjects of pro. . . . .