https://www.taxtmi.com/caselaws?id=392317 The Tribunal set aside the NCLT's order, ruling that an Indian LLP cannot merge directly into an Indian company under the Companies Act, 2013, without first converting into a company as prescribed by the legislation. The Tribunal emphasized that the statutory provisions for conversion and merger are clear, and the principle of casus omissus was deemed unnecessary in this case. The decision highlighted the importance of following the explicit procedures outlined in the law for restructuring businesses. en-us Wed, 04 Dec 2019 00:00:00 +0530 Wed, 06 May 2020 16:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392317 The Tribunal set aside the NCLT's order, ruling that an Indian LLP cannot merge directly into an Indian company under the Companies Act, 2013, without first converting into a company as prescribed by the legislation. The Tribunal emphasized that the statutory provisions for conversion and merger are clear, and the principle of casus omissus was deemed unnecessary in this case. The decision highlighted the importance of following the explicit procedures outlined in the law for restructuring businesses. Case-Laws Companies Law Wed, 04 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392317