National Company Law Tribunal (NCLT)
National Company Law Tribunal (NCLT) The National Company Law Tribunal (NCLT) is a quasi-judicial body in India that adjudicates issues relating to companies. It was established under the Companies Act, 2013 and came into existence in 2016. The NCLT is responsible for handling various corporate disputes and insolvency proceedings. Key Functions of NCLT: Company Law Matters: Merger, demerger, and restructuring of companies. Oppression and mismanagement cases. Reduction of share capital. Rectification of company registers. Approval of compromises and arrangements. Insolvency and Bankruptcy Cases: Insolvency resolution process for companies and limited liability partnerships (LLPs) under the Insolvency and Bankruptcy Code (IBC), 2016. Liquidation of co...