Business

Cabinet okays additional NCLAT posts

Six additional posts of judicial and technical members will be created in the National Company Law Appellate Tribunal (NCLAT), with the Cabinet approving a proposal on Wednesday.

The tribunal hears appeals against rulings of the National Company Law Tribunal (NCLT).

The Cabinet cleared a proposal for creation of three additional posts each for judicial members and technical members in the NCLAT, according to an official release. The new posts would ensure meeting the mandate provided to NCLAT by the Finance Act, 2017, the Companies Act, the Insolvency and Bankruptcy Code, 2016 and the time frame provided for disposal of cases, the release said.

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Printable version | Jan 19, 2021 2:25:24 PM | https://www.thehindu.com/business/cabinet-okays-additional-nclat-posts/article26656568.ece

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