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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
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
★ 59K+
30-Jun-22 21:00
Ok tq
Thread Starter
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
CA Foundation
★ 8K+
21-Jul-22 18:09