Lok Sabha
The National Company Law Tribunal(NCLT) and the National Company Law Appellate Tribunal (NCLAT) have not been constituted as yet since the provisions of the Companies Act, 1956 consequent to the Companies (Second) Amendment Act, 2002 relating to setting up of the NCLT/NCLAT faced a legal challenge, and the matter is sub-judice on account of a Special Leave Petition(SLP) filed by the Central Government in the Supreme Court, following a ruling by the Madras High Court in the matter. Therefore, no time schedule for setting up of NCLT/NCLAT can be stated at present.
This information was given by Shri Prem Chand Gupta, Minister of Company Affairs in reply to the questions raised by Shri Kuldeep Bishnoi in Lok Sabha today.
BY/SL-16/07
(Release ID :27230)