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The National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT) have been constituted with effect from today, according to a press release on PIB website.
As reported in April by Bar & Bench, former Supreme Court judge Justice SJ Mukhopadhaya has joined as Chairperson of the NCLAT. Justice MM Kumar will be the President of NCLT.
NCLT will start functioning with eleven Benches – two at New Delhi and one each at Ahmedabad, Allahabad, Bengaluru, Chandigarh, Chennai, Guwahati, Hyderabad, Kolkata and Mumbai.
With the constitution of NCLT, the Company Law Board constituted under the Companies Act, 1956 now stands dissolved.
Read below the notification bringing into force provisions of the Companies Act, 2013 pertaining to NCLT and NCLAT.