Acts Against National Interest

• LLP engages in activities against the sovereignty of India

• LLP acts against the integrity or security of the country

• LLP is involved in unlawful or terrorist-related operations

• LLP violates foreign relations or friendly ties of India

• LLP disturbs public order decency or morality

Non-filing of Returns for Five Years

• LLP fails to file annual returns for five consecutive years

• Statement of accounts and solvency not submitted for five years

• Continuous non-compliance with mandatory filing requirements

• Registrar notices absence of regular statutory documents

• Prolonged inactivity without communication to authorities

Inability to Pay Debts

• LLP unable to repay its financial obligations to creditors

• LLP defaults in settling lawful debts on demand

• Creditors file petition for recovery and winding up

• Tribunal confirms LLP’s financial insolvency

• Debt burden exceeds LLP’s assets and cash flow

Reduction in Number of Partners

• LLP has less than two partners for more than six months

• No steps taken to admit a new partner in due time

• Functioning as an LLP becomes legally invalid

• RoC or partners may initiate winding up procedure

• Continuance violates minimum statutory requirement

Just and Equitable Grounds

• Tribunal finds winding up fair and reasonable in situation

• Business purpose of LLP has failed or vanished

• Serious disputes among partners with no resolution

• LLP formed for fraudulent or unlawful objectives

• Deadlock in management or operations without remedy