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NCLT: National Company Law Tribunal

The National Company Law Tribunal (NCLT) is a quasi-judicial body in India established under the Companies Act, 2013. It was constituted to resolve disputes and issues related to Indian companies, replacing the Company Law Board and merging with several other forums to streamline and expedite corporate litigation processes.

Key Functions of NCLT:

  • Corporate Disputes: The NCLT has the authority to adjudicate disputes related to company law matters, including cases of shareholder and management disputes, mismanagement, and oppression.
  • Insolvency and Bankruptcy Proceedings: NCLT is the primary authority for handling cases under the Insolvency and Bankruptcy Code (IBC), 2016, allowing for timely resolution of insolvency cases for both companies and limited liability partnerships (LLPs).
  • Company Law Violations: The tribunal has the power to investigate allegations of fraud and misconduct within companies.
  • Mergers and Acquisitions: NCLT reviews and approves corporate mergers, amalgamations, and restructuring plans to ensure compliance with statutory provisions.
  • Winding-Up of Companies: It also oversees the winding-up process, ensuring the legal and equitable distribution of company assets.
Benefits of NCLT: The NCLT’s role centralizes corporate dispute resolution, promotes faster case resolution, reduces the backlog of cases, and enhances corporate governance in India by providing a dedicated platform for handling commercial disputes.

Why Choose Narendra Madhu Associates

We have a Specialized team for NCLT matters, including specialists with extensive practical expertise and experience to assist our clients in navigating the complexity of NCLT matters with precision and dependability.

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