Constitution of NCLT/NCLAT Notified; with this CLB stands Dissolved

Govt notifies constitution of National Company Law Tribunal; with the constitution of the NCLT, the Company Law Board constituted under the Companies Act, 1956 stands dissolved.

The Ministry of Corporate Affairs has issued a notification for the constitution of the National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT) with effect from June 1, 2016.

Honorable Justice SJ Mukhopadhaya, Judge (Retired), Supreme Court of India has joined as the Chairperson of the NCLAT and Honorable Justice MM Kumar, Judge (Retd.) has joined as President of the NCLT. With the constitution of the NCLT, the Company Law Board constituted under the Companies Act, 1956 stands dissolved. Initially, NCLT will have eleven Benches, two at New Delhi and one each at Ahmedabad, Allahabad, Bengluru, Chandigarh, Chennai, Guwahati, Hyderabad, Kolkata and Mumbai.

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