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Can anyone explain me In LLp we have what is mean by A person who is adjudicated as insolvent and his application is still pending...


Deepa

Deepa

CA Inter

18K+

30-Jun-22 20:58

180

Answers (3)

Best Answer

Adjudicated means- declared as a insolvent but his /her insolvent application is still pending in court... So he can't be admitted into member in LLp


Balachandar S

Balachandar S

CA Inter

59K+

30-Jun-22 21:00

Ok tq


Thread Starter

Deepa

Deepa

CA Inter

18K+

30-Jun-22 21:13

In this context, adjudicated means guilty of the crime that you were accused of by law enforcement. A judgement is withhold on the court !


Vignesh Psv

Vignesh Psv

CA Foundation

8K+

21-Jul-22 18:09

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