National Company Law Tribunal information

National Company Law Tribunal
राष्ट्रीय कंपनी विधि अधिकरण
Quasi-judicial body overview
Formed	1 June 2016
Jurisdiction	Government of India
Parent department	Ministry of Corporate Affairs
Website	https://nclt.gov.in

The National Company Law Tribunal (NCLT) is a quasi-judicial body in India that adjudicates issues relating to Indian companies.^[1] The tribunal was established under the Companies Act 2013 and was constituted on 1 June 2016 by the government of India and is based on the recommendation of the V. Balakrishna Eradi committee on law relating to the insolvency and the winding up of companies.^[2]

All proceedings under the Companies Act, including proceedings relating to arbitration, compromise, arrangements, reconstructions and the winding up of companies shall be disposed off by the National Company Law Tribunal. The NCLT bench is chaired by a Judicial member who is supposed to be a retired or a serving High Court Judge and a Technical member who must be from the Indian Corporate Law Service, ICLS Cadre.

The National Company Law Tribunal is the adjudicating authority for the insolvency resolution process of companies and limited liability partnerships under the Insolvency and Bankruptcy Code, 2016.

No criminal court shall have jurisdiction to entertain any suit or proceeding in respect of any matter which the Tribunal or the Appellate Tribunal is empowered to determine by or under this Act or any other law for the time being in force and no injunction shall be granted by any court or other authority in respect of any action taken or to be taken in pursuance of any power conferred by or under this Act or any other law for the time being in force, by the Tribunal or the Appellate Tribunal.

The tribunal has sixteen benches, six at New Delhi (one being the principal bench) and two at Ahmedabad, one at Prayagraj, one at Bengaluru, one at Chandigarh, two at Chennai, one at Cuttack, one at Guwahati, three at Hyderabad of which one is at Amaravati,^[3] one at Jaipur, one at Kochi, two at Kolkata and five at Mumbai.^[4] Of the two new benches approved to be set up, one each in Indore^[5] and Amaravati,^[5] the Indore bench is yet to be notified. Except the Bench at Amaravati, all the benches have been notified as division benches. Justice Ramalingam Sudhakar, a retired Chief Justice of Manipur High Court has been appointed as president of the tribunal since 1 November 2021.^[1]

The National Company Law Tribunal has the power under the Companies Act to adjudicate proceedings:

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

^ ^a ^b "Hon'ble President of National Company Law Tribunal". National Company Law Tribunal. 30 November 2023.
^ "Organisation | NCLT". Archived from the original on 21 March 2018. Retrieved 20 March 2018.
^ "Archived copy" (PDF). Archived from the original (PDF) on 27 August 2019. Retrieved 27 July 2019.{{cite web}}: CS1 maint: archived copy as title (link)
^ "The National Company Law Appellate Tribunal and the National Company Law Appellate Tribunal Constituted". Trilegal. Archived from the original on 13 August 2018. Retrieved 13 June 2016.
^ ^a ^b "NCLT benches to be set up at Amaravati, Indore". The Economic Times. 8 March 2019. Retrieved 27 April 2019.

[lexology-1] "Hon'ble President of National Company Law Tribunal". National Company Law Tribunal. 30 November 2023.

[2] "Organisation | NCLT". Archived from the original on 21 March 2018. Retrieved 20 March 2018.

[3] "Archived copy" (PDF). Archived from the original (PDF) on 27 August 2019. Retrieved 27 July 2019.{{cite web}}: CS1 maint: archived copy as title (link)

[trilegal-4] "The National Company Law Appellate Tribunal and the National Company Law Appellate Tribunal Constituted". Trilegal. Archived from the original on 13 August 2018. Retrieved 13 June 2016.

[:0-5] "NCLT benches to be set up at Amaravati, Indore". The Economic Times. 8 March 2019. Retrieved 27 April 2019.

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Quasi-judicial body overview
राष्ट्रीय कंपनी विधि अधिकरण
Formed	1 June 2016 (2016-06-01)
Jurisdiction	Government of India
Parent department	Ministry of Corporate Affairs
Website	https://nclt.gov.in

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