NCLT transfers eight members with immediate effect

In an organisational reshuffle, the National Company Law Tribunal (NCLT) has transferred eight members to different benches across India with immediate effect. According to a notification issued by the NCLT Registrar on Thursday, the list comprises four judicial members and four technical members. “The members shall move to their new […]

In an organisational reshuffle, the National Company Law Tribunal (NCLT) has transferred eight members to different benches across India with immediate effect.

According to a notification issued by the NCLT Registrar on Thursday, the list comprises four judicial members and four technical members.

“The members shall move to their new stations of posting, after lockdown restrictions on movement are withdrawn by the central government and the respective state governments,” the notification said.

The tribunal has a strength of 23 Judicial members including its Acting President and 25 technical members, as per NCLT website.

Besides, NCLT in another notification said it will form a new bench for Cuttack, comprising its Judicial Member Sucharita R and Technical Member Satya Ranjan Prasad.

“This bench shall sit at NCLT Cuttack on alternate Wednesday, Thursday and Friday, per fortnight till further orders,” it said adding that it would come into force from May 4.

However, it also added that during the lockdown, Kolkata bench of NCLT would “continue to hear urgent matters of NCLT Cuttack through video conferencing.”

Presently, hearing of all NCLT benches across India is closed following the coronavirus-induced lockdown. NCLT is hearing only urgent matters through video conferencing.

Earlier, last month, the government had extended the tenure of the Acting President of NCLTÂ BSV Prakash Kumar for another three months.

NCLT was set up under section 408 of the Companies Act, 2013 on June 1, 2016.

Besides a Principal Bench at New Delhi, it has 14 other benches across India in cities including Ahmadabad, Allahabad, Bengaluru, Chandigarh, Chennai, Guahati, Hyderabad, Kolkata, Mumbai, Cuttack, Jaipur, Kochi, Amravati, and Indore.

Source Article

Lois C. Ferrara

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