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NCLT MEMBER STRENGTH
Insolvency resolution proceedings: Missed timelines, manpower crunch pose challengesStressed asset resolutions under the Insolvency and Bankruptcy Code faced delays due to staff shortages at the National Company Law Tribuna...
Proposal afoot to expand NCLAT strength to 20The Indian government is considering an important proposal to increase the number of members in the National Company Law Appellate Tribunal...
Govt mulls substantially expanding NCLAT strength to speed up insolvency, M&A appealsThe government is reportedly considering a proposal to increase the number of members in the National Company Law Appellate Tribunal (NCLAT...
Eye on more speed & efficiency, govt readies major strength upgrade for NCLTThe primary objective is not only to expedite resolution of insolvency cases, which has significantly slowed down recently, but also to ens...
Most NCLT vacancies filled, govt eyes faster clearancesThe Ministry of Corporate Affairs (MCA) is aiming for faster approvals of merger and acquisition (M&A) deals and quicker resolution of inso...
NCLT approves 180 resolution plans in FY23, totalling Rs 51,424 croreWhile, in terms of realisation of the amount for creditors, this is the second highest after FY19, when the total realisation was Rs 1.11 l...
Government says 25 judicial, technical member positions vacant at NCLTMinister of State for Corporate Affairs Rao Inderjit Singh said filling up of vacancies is a continuous process and the vacancies of member...
Govt appoints 15 judicial, technical members at NCLTAs many as 9 judicial members and 6 technical members have been appointed to the NCLT, according to an official order. These members have b...
NCLT denies it issued a circular that only urgent matters would be heard due to shortage of staffThe acute shortage of members at NCLT prompted legal experts to believe that the tribunal may have issued such a notice.
Reappoint NCLT judges within two months: SC to Govt“As the strength of the members of the NCLT and NCLAT is depleting which would be detrimental to the smooth functioning of the Tribunals, w...
Petitions filed in SC seeking extension of NCLT judgesThe dedicated insolvency courts are already witnessing an acute shortage of judges. The Supreme Court Monday listed the matter for hearing ...
Bankruptcy: NCLT delays compounded by lack of new appointmentsThe government's prepackaged resolutions for MSMEs is also likely to put further strain on the system. Bankers, lawyers, Insolvency and Ban...
NCLT transfers 3 more members with immediate effectAccording to a notification issued by the NCLT Registrar on Tuesday, the new list comprises three judicial members.
NCLT transfers eight members with immediate effect"The members shall move to their new stations of posting, after lockdown restrictions on movement are withdrawn by the central government a...
NCLT puzzled over MCA note on new recruits’ place of postingNCLT Seeks clarity if “reporting to president” will be construed as joining or joining will be after oath-taking.
Govt set to appoint 36 members for NCLT courtsThe government is expected to finalise 36 such appointments before the Election Code of Conduct kicks in.
Centre seeks Supreme Court nod to start NCLT selection processNCLT was expected to be operational by April this year, with the principal bench based in Delhi and 20 benches in other cities.