National Company Law Tribunal (NCLT)
The NCLT was established under the Companies Act 2013. The National Company Law Tribunal (NCLT) is a quasi-judicial body in India that adjudicates issues relating to Indian companies.
All proceedings under the Companies Act, including proceedings relating to Arbitration, Compromise, arrangements and reconstruction and winding up of companies shall be disposed of by the National Company Law Tribunal.
The National Company Law Tribunal is the Adjudicating Authority for Insolvency resolution process of Companies and Limited Liability Partnerships under the Insolvency and Bankruptcy Code, 2016.
Acts & Rules of NCLT
- The Insolvency And Bankruptcy Code (second Amendment) Act, 2018
- The Competition Act, 2002
- Relevant Portions Of The Finance Act, 2017 Dealing With Amendments To The Competition Act, 2002
- The Competition Appellate Tribunal(form And Fee For Filing An Appeal And Fee For Filing Compensaton Applications) Rules, 2009
- The Competition Appellate Tribunal (procedure) Regulations, 2011
- The Companies Act, 1956
- The Finance Act, 2017
- National Company Law Appellate Tribunal Rules, 2016
- The Insolvency And Bankruptcy Code, 2016
- The Companies Act, 2013
Appeals
Decisions of the NCLT may be appealed to the National Company Law Appellate Tribunal (NCLAT). The decisions of NCLAT may be appealed to the Supreme Court of India on a point of law. The Supreme Court of India has upheld the Insolvency and Bankruptcy Code in its entirety.