Centre Notifies Appointments Of New Judicial And Technical Members For National Company Law Tribunal

Fresh Appointments to NCLT: A Boost for Corporate Justice

 

In a significant development, the Ministry of Corporate Affairs has appointed a new set of judicial and technical members to the National Company Law Tribunal (NCLT). This reshuffle, effective immediately, is part of ongoing efforts to strengthen the tribunal’s ability to handle corporate disputes efficiently.

 

The appointments, made under Section 408 of the Companies Act 2013, come with a fixed tenure of five years or until the members reach the age of 65, whichever comes first.

 

Notable Appointees

 

Among the newly appointed judicial members are Justice Jyotsna Sharma and Mr. Sunil Kumar Aggarwal, both bringing a wealth of legal expertise. Their extensive backgrounds in law promise to enhance the tribunal’s ability to resolve complex corporate disputes with clarity and fairness.

 

On the technical side, Ms. Reena Sinha Puri and Ms. Kavita Bhatnagar join as Technical Members. With deep knowledge of corporate law, they are expected to provide valuable insights and ensure a well-rounded review of technical issues.

 

Timely Reinforcements Amid Rising Cases

 

These appointments come at a critical time when the NCLT is grappling with a rising number of corporate insolvency cases. The business landscape continues to evolve amidst economic reforms, creating a growing demand for efficient resolution of disputes.

 

Streamlining Justice

 

By bolstering the tribunal with experienced professionals, the Ministry aims to streamline proceedings and address the backlog of cases more effectively. This move is a step toward ensuring timely justice and maintaining trust in the corporate judicial system.

 

With their collective expertise, the new members are poised to make a meaningful impact on the NCLT’s functioning, ensuring that justice is not only served but also expedited in India’s corporate legal ecosystem.