The National Company Law Tribunal (NCLT) is a quasi-judicial body in India that adjudicates issues relating to Indian companies. The tribunal, established under the Companies Act 2013, 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.
National Company Law Tribunal All proceedings under the Companies Act, including proceedings relating to arbitration, compromise, arrangements, reconstructions and winding up of companies, are to be before the NCLT. The NCLT bench is chaired by a Judicial member, who is to be a serving or retired 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 Amaravathi, one at Jaipur, one at Kochi, two at Kolkata and five at Mumbai. Of the two new benches approved to be set up, one each in Indore and Amaravathi, the Indore bench is yet to be notified. Except the Bench at Amaravati, all the benches have been notified as division benches. Justice R. Sudhakar, a retired Chief Justice of Manipur High Court has been appointed as president of the tribunal since 1 November 2021.
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.
List of present members Following is the list of Hon'ble President and Sitting Members: +Sr.NoNameDesignationDate of JoiningNCLT Bench1Chief Justice (Retd) Ramalingam SudhakarPresident01-11-2021Principal Bench2Shyam Babu GautamMember03-07-2019Kochi3Patibandla Satyanarayana PrasadMember04-07-2019Chandigarh4Venkata Subba Rao HariMember04-07-2019Guwahati5Laxmi Narayan GuptaMember04-07-2019New Delhi6Satya Ranjan PrasadMember24-07-2019Guwahati7Deep Chandra JoshiMember13-09-2021Jaipur8Rahul Prasad BhatnagarMember13-09-2021New Delhi9Avinash K SrivastavaMember13-09-2021New Delhi10Anuradha Sanjay BhatiaMember13-09-2021Amravati11Rohit KapoorMember14-09-2021Kolkatta12P Mohan Raj Member15-09-2021Cuttack13Harnam Singh ThakurMember16-09-2021Chandigarh14Balraj JoshiMember16-09-2021Kolkatta15Manoj Kumar DubeyMember16-09-2021Bengaluru16Subrata Kumar DashMember20-09-2021Chandigarh17Kaushelndra Kumar SinghMember01-10-2021Indore18Dr V R Badrinath NandulaMember04-10-2021Hyderabad19Sameer KakarMember09-10-2021Ahmedabad20Bacchu Venkat Balaram DasMember18-10-2021New Delhi21Kishore VemulapalliMember06-12-2021Mumbai22Kuldip Kumar KareerMember18-11-2022Mumbai23Praveen Kumar GuptaMember18-11-2022Allahabad24Ashok Kumar BhardwajMember18-11-2022New Delhi25Bidisha BanerjeeMember18-11-2022Kolkatta26Charan SinghMember18-11-2022Hyderabad27Anu Jagmohan SinghMember18-11-2022Mumbai28Ashish Kumar VermaMember18-11-2022Allahabad29Atul ChaturvediMember18-11-2022New Delhi30Prabhat KumarMember18-11-2022Mumbai31T Krishna ValliMember22-11-2022Kochi32Madhu SinhaMember09-12-2022Mumbai33Sanjiv JainMember04-01-2023Chennai34Mahendra KhandelwalMember18-01-2023New Delhi35Shammi KhanMember20-02-2023Ahmedabad36Virendrasingh Gyansingh BishtMember19-07-2023Mumbai37Lakshmi GurungMember19-07-2023Mumbai38Reeta KohliMember19-07-2023Mumbai39Rajeev BhardwajMember19-07-2023Hyderabad40Manni Sankariah Shanmuga SundaramMember19-07-2023New Delhi41Chitra Ram HankareMember19-07-2023Ahmedabad42Rajeev MehrotraMember19-07-2023Jaipur43Sanjiv DuttMember19-07-2023Mumbai44Sanjay PuriMember19-07-2023Hyderabad45Umesh Kumar ShuklaMember19-07-2023Chandigarh46Arvind DevanathanMember19-07-2023Kolkatta47Ravichandran RamasamyMember19-07-2023Chennai48Venkataraman SubramaniamMember19-07-2023Chennai49Velamur Govindan Venkata ChalapathyMember19-07-2023Ahmedabad50Anil Raj ChellanMember19-07-2023Mumbai51Charanjeet Singh Gulati Member19-07-2023Mumbai52K R Saji KumarMember01-08-2023Mumbai53Sanjeev RanjanMember18-09-2023New Delhi54Jyoti Kumar TripathiMember11-10-2023Chennai55K. BiswalMemberBengaluru
Appeals Decisions of the tribunal may be appealed to the National Company Law Appellate Tribunal, the decisions of which may further be appealed to the Supreme Court of India on a point of law. The Supreme Court of India has upheld the Insolvency and Bankruptcy Code in its entirety.
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