The National Company Law Tribunal (NCLT) is a quasi-judicial body in India that adjudicates matters related to companies, particularly in the areas of insolvency, company law, and related disputes.
- Company Law Matters: NCLT handles disputes related to the functioning, management, and operations of companies, including issues related to the Companies Act.
- Insolvency and Bankruptcy: Under the Insolvency and Bankruptcy Code (IBC), 2016, the NCLT adjudicates cases involving corporate insolvency resolution, liquidation, and bankruptcy.
- Other Disputes: The tribunal also deals with cases related to mergers, amalgamations, reduction of capital, and other corporate restructuring activities
The NCLT has significantly streamlined the process of resolving corporate disputes and insolvency issues in India.
