The Chennai Bench of the National Company Law Tribunal (NCLT) has recently approved the merger of a Limited Liability Partnership (LLP) with a private limited company (Scheme). This newsflash analyses key aspects of the NCLT order permitting the aforesaid merger. Background |
India, Company & Commercial, Insolvency & Restructuring, Litigation, Khaitan & Co, Companies Act 2013 (India)
Introduction
Recently, in Neelkanth Township and Construction Pvt. Ltd. v.Urban Infrastructure Trustees Ltd, Company Appeal (AT) (Insolvency) No. 44 of 2017 (Neelkanth Township), the National Company Law Appellate Tribunal (NCLAT) addressed several issues with regard to the Insolvency and Bankruptcy Code, 2016 (IBC).
India, Insolvency & Restructuring, Litigation, Khaitan & Co, Statute of limitations, Companies Act 2013 (India), Supreme Court of India