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BCK Introduction

Economics

Sir In LLP THE liability of partners is limited If total liability is 50lakhs and partners liability is only 25lakhs who will pay remaining amount

Prasanth kumar Kamisetty

CA Inter

★ 12K+

06-Aug-20 10:11

329

Answers (4)

No one. That is loss for the creditors.

CA Suraj Lakhotia

Admin

07-Aug-20 06:35

But is not like some unjustice Is it the same case in companies

Thread Starter

Prasanth kumar Kamisetty

CA Inter

★ 12K+

07-Aug-20 07:57

Limited liabilities concepts work in this way. Look at a lot of companies which have gone bankrupt. Banks have not been able to recover the loans given (Kingfisher, Jet Airways, Reliance ADAG Group companies). That is the risk stakeholders take in business.

CA Suraj Lakhotia

Admin

07-Aug-20 07:58

Ok sir

Thread Starter

Prasanth kumar Kamisetty

CA Inter

★ 12K+

07-Aug-20 08:01