By Rabindra Jhunjhunwala, Pranay Bagdi and Bidya Mohanty   With the notification of the Limited Liability Partnership Act, 2008 (LLP Act) on 31 March 2009, the concept of a limited liability partnership (LLP) as a ‘hybrid corporate vehicle’ was introduced in the Indian corporate environment. Given the higher degree of organizational and managerial flexibility coupled with limitation of […]