National Company Law Tribunal

The National Company Law Tribunal (NCLT) is a quasi-judicial body in India that adjudicates issues relating to companies in India.[1] The NCLT was established under the Companies Act 2013 and was constituted on 1 June 2016.

The NCLT has eleven benches, two at New Delhi (one being the principal bench) and one each at Ahmedabad, Allahabad, Bengaluru, Chandigarh, Chennai, Guwahati, Hyderabad, Kolkata and Mumbai.[2] Justice M.M. Kumar, a retired judge of the Punjab and Haryana High Court has been appointed as President of the NCLT.[1] The NCLT Bench at Bangalore began functioning on 18 July 2016.

The NCLT has the power under the Companies Act to adjudicate proceedings:

  1. Initiated before the Company Law Board under the previous act (the Companies Act 1956);
  2. Pending before the Board for Industrial and Financial Reconstruction (BIFR), including those pending under the Sick Industrial Companies (Special Provisions) Act, 1985;
  3. Pending before the Appellate Authority for Industrial and Financial Reconstruction; and
  4. Pertaining to claims of oppression and mismanagement of a company, winding up of companies and all other powers prescribed under the Companies Act.

Decisions of the NCLT may be appealed to the National Company Law Appellate Tribunal.

References

  1. 1 2 "National Company Law Tribunal constituted - new perspectives for dispute resolution". Khaitan & Co. Retrieved 13 June 2016.
  2. ↑ "The National Company Law Tribunal and the National Company Law Appellate Tribunal Constituted". Trilegal. Retrieved 13 June 2016.

External links

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