Where a limited liability partnership is liable to be wound up under this Act or any other law for the time being in force, it appears to the Commission from a report under section 781 that it is expedient to do so, the Commission may, unless the limited liability partnership is already being wound up by the court, cause to be presented to the court by any person authorised by the Commission in that behalf, a petition for the winding-up of the limited liability partnership on the ground that it is just and equitable that it should be wound up.
Companies and Allied Matters Act 2020 · Part C
Section 786 Application for winding-up of limited liability partnership
Cite as: Companies and Allied Matters Act 2020, section 786
What this section means
From the Part overview: CAMA 2020 Part C: limited liability partnerships (sections 746 to 794)
Part C creates the limited liability partnership. Here is how one is formed, who runs it, who is liable for what, and what it must file.
Source: Companies and Allied Matters Act 2020 (Act No. 3 of 2020), Official Gazette No. 124, Lagos, 10 August 2020. General information, not legal advice.