Background
India, Corporate Finance/M&A, Insolvency & Restructuring, Khaitan & Co, Reserve Bank of India, Ministry of Corporate Affairs, Insurance Regulatory and Development Authority of India, Bank of India, National Company Law Tribunal
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)
Background
India, Company & Commercial, Corporate Finance/M&A, Insolvency & Restructuring, Litigation, Khaitan & Co, Liquidation, Ministry of Corporate Affairs
In the world of private equity, vast sums of money are raised by private investors who pool their money into collective funds in order to acquire companies, i.e., a “portfolio company”, with the goal of eventually flipping the portfolio company at a significant profit. Sometimes, however, that bet goes wrong, and the portfolio company is sold at a loss or, worse, liquidated in bankruptcy.
USA, Corporate Finance/M&A, Employment & Labor, Insolvency & Restructuring, Litigation, Mintz, Private equity, Angel investor, Worker Adjustment and Retraining Notification Act 1988 (USA)