NATIONAL COMPANY LAW TRIBUNAL AND APPELLATE TRIBUNAL: AN ANALYSIS
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https://doi.org/10.55662/Abstract
The Central Government has constituted National Company Law Tribunal (NCLT) under section 408 of the Companies Act, 2013. it is a newly established branch which exclusively deals in corporate matters such as looking into the rights of shareholders of the company, dissolution, liquidation etc. NCLT also has an apellant tribunal and the matter then directly goes to the supreme court has the last resort. it deals with all the disputes relating to company except for criminal prosecution as under the Companies Act. it investigates into company accounts, entertains class action suits etc. this tribunal is not bound by rules of evidence and CPC.but i guided by section 420 of the companies act which states the tribunal shall be bound by the principles of natural justice. NCLT was conceptualized by Eradi Committee.
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