NCLT Clears LLP Merger While Preserving Tax Authorities’ Right to Examine Tax Avoidance Issues

Pulit Trading LLP Vs Nyzel Trading LLP (NCLT Mumbai) The National Company Law Tribunal (NCLT), Mumbai Bench, allowed and approved the Scheme of Arrangement involving Pulit Trading LLP, Nyzel Trading LLP, and Raojee Landmarks LLP under Sections 60 to 62 and other applicable provisions of the Limited Liability Partnership Act, 2008, read with the relevant LLP Rules. The petition was filed pursuant to the first motion order dated June 12, 2025, passed in CA(CAA) No. 138/MB/2025. Pulit Trading LLP and Nyzel Trading LLP were the transferor LLPs, while Raojee Landmarks LLP was the transferee LLP. Pu...