Section 61:
Power of Tribunal to enforce compromise or arrangement.
(1) Where the Tribunal makes an
order under section 60 sanctioning a compromise or an arrangement in respect of a limited liability
partnership, it--
(a) shall have power to supervise the carrying out of the compromise or an arrangement; and
(b) may, at the time of making such order or at any time thereafter, give such directions in regard
to any matter or make such modifications in the compromise or arrangement as it may consider
necessary for the proper working of the compromise or arrangement.
(2) If the Tribunal aforesaid is satisfied that a compromise or an arrangement sanctioned under
section 60 cannot be worked satisfactorily with or without modifications, it may, either on its own motion
or on the application of any person interested in the affairs of the limited liability partnership, make an
order for winding up the limited liability partnership, and such an order shall be deemed to be an order
made under section 64 of this Act.
Notes: