National Company Law Tribunal (NCLT) is a quasi-judicial body formed on June 1, 2016 under the Companies Act, 2013, on the recommendations of the Justice Eradi Committee to oversee the matters related to companies registered in India. With the inception of NCLT, the Company Law Board under the Companies Act, 1956, which was the adjudicating authority earlier, has been dissolved.
Some of the powers and functions of NCLT are as follows:
National Company Law Tribunal has a principle bench at New Delhi and ten (10) other subsidiary benches in New Delhi, Ahmadabad, Allahabad, Bengaluru, Chandigarh, Chennai, Guwahati, Hyderabad, Jaipur, Kochi, Kolkata and Mumbai.
The NCTL cause list associated with each bench is maintained in the NCTL government website. The PDF version of the NCLT cause list can be found on nclt.gov.in
The key advantages are:
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