National Company Law Tribunal (NCLT): Functions and Role in India
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National Company Law Tribunal (NCLT): An Introduction
The National Company Law Tribunal (NCLT) is a quasi-judicial body established under the Companies Act, 2013 to consolidate and handle all matters related to company law, insolvency, and corporate disputes. It was constituted on June 1, 2016, and functions as a replacement for multiple earlier bodies such as the Company Law Board (CLB), the Board for Industrial and Financial Reconstruction (BIFR), the Appellate Authority for Industrial and Financial Reconstruction (AAIFR), and High Court jurisdictions in certain corporate matters.
NCLT aims to provide speedy, efficient, and specialized adjudication in corporate matters, thereby improving the corporate governance and insolvency resolution framework... Continue reading "National Company Law Tribunal (NCLT): Functions and Role in India" »