National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT)

The provisions of the Companies Act, 2013 regarding constitution of National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT) had been challenged in the Supreme Court and the matter was decided by the Hon’ble Court by judgment dated 14th May, 2015. The process of setting up of these bodies has been initiated and these are likely to become functional from the next financial year.

 This was stated by Shri Arun Jaitley, Minister of Corporate Affairs in written reply to a question in the Lok Sabha.