Supreme Court orders infrastructure review for NCLT regional benches
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
A Supreme Court bench, including Chief Justice Surya Kant, ordered the National Company Law Tribunal (NCLT) Principal Bench Bar Association to collect infrastructure data from all regional NCLT benches. The court remarked that tribunals are crucial to the government's function, dealing with issues worth thousands of crores. This order follows an application by the NCLT Bar Association stating that 18 benches are holding only half-day sittings due to a shortage of judicial and technical members.
From indiatimes.com
Why it matters
The review addresses concerns raised by the NCLT Bar Association regarding member shortages and limited operating hours at regional benches. Adequate infrastructure and staffing are necessary for the tribunals to handle complex insolvency cases efficiently, which affects the speed of corporate resolution.
Dedicated benches are required within the NCLT/Corporate Law System to handle complex insolvency cases.
From indiatimes.com
Who's involved
- Surya KantMember of the Supreme Court bench that ordered the data collection.
- Supreme Court of IndiaThe highest court that issued the order regarding tribunal infrastructure.
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The entities involved
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Surya Kant
chief judge of Supreme Court of India