TNPSC Thervupettagam

New benches of NCLT

March 11 , 2019 2114 days 813 0
  • The Government has approved the establishment of two new benches of National Company Law Tribunal (NCLT).
  • One will be at Amaravati in Andhra Pradesh and the other will be at Indore in Madhya Pradesh.
  • This step has been taken keeping in view of the increasing case load, especially under the Insolvency & Bankruptcy Code 2016.
  • NCLT is a quasi-judicial body in India that adjudicates issues relating to Indian companies.
  • It was established under the Companies Act 2013 and was constituted on 1 June 2016.

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