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. Pulit Trading LLP and Nyzel Trading LLP had originally been incorporated as private limited companies in 1996 and were subsequently converted into LLPs on February 10, 2024. Raojee Landmarks LLP had been incorporated as an LLP on June 23, 2022. The Scheme had been approved by the respective governing bodies of the Applicant LLPs in April 2025, with April 1, 2025 fixed as the appointed date.
The Applicant LLPs submitted that the amalgamation was proposed to simplify the corporate structure and achieve cost and operational efficiencies. According to the Scheme, the amalgamation would provide greater integration, enhanced financial strength and flexibility for the transferee LLP, improved cash management, better deployment of resources for growth opportunities, and strengthened organizational capacity through pooling of human resources and expertise. The Scheme also aimed to reduce duplication, rationalize compliance and administrative expenses, standardize business processes, and enable the combined entity to derive synergy benefits.
