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The crisis at NCLAT: why speedy resolution of corporate disputes is beyond reach

An interim chief, infrastructural constraints, and thousands of pending cases — the National Company Law Appellate Tribunal is weighed down by numerous challenges. Stakeholders say that even the latest step of notifying a new bench at Chennai is unlikely to bring immediate relief. It’s a crisis of sorts for the judicial system for resolving corporate disputes.
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31 Mar 2020 11 Mins Read 3 comments
Justice Bansi Bhat (right) has taken up the baton from Justice SJ Mukhopadhyay (left) as chief of NCLAT; image credit: NCLAT
Justice Bansi Bhat (right) has taken up the baton from Justice SJ Mukhopadhyay (left) as chief of NCLAT; image credit: NCLAT
It’s a familiar problem at hand, and is becoming deep-seated with time. The separate judicial system for a speedy resolution of corporate disputes, too, is buried under a deluge of cases and is losing its potency. First, consider these facts. The National Company Law Tribunals (NCLTs) have handled about 64,000 cases and will take several years to clear their
in all probability in the month of June, 2020” the circular cites. As the filing of cases for Chennai bench would also be done in Delhi for at least two months, Parasaran would probably make his silver-jubilee Delhi visit soon. But it may not quite be the silver bullet for the overburdened NCLAT. ( Graphics by Sadhana Saxena)
It’s a familiar problem at hand, and is becoming deep-seated with time. The separate judicial system for a speedy resolution of corporate disputes, too, is buried under a deluge of cases and is losing its potency. First, consider these facts. The National Company Law Tribunals (NCLTs) have handled about 64,000 cases and will take several years to clear their in all probability in the month of June, 2020” the circular cites. As the filing of cases for Chennai bench would also be done in Delhi for at least two months, Parasaran would probably make his silver-jubilee Delhi visit soon. But it may not quite be the silver bullet for the overburdened NCLAT. ( Graphics by Sadhana Saxena)

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