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The National Company Law Tribunal (NCLT) is a quasi-judicial body in India that adjudicates issues relating to Indian companies. [1] The tribunal, established under the Companies Act 2013, was constituted on 1 June 2016 by the government of India and is based on the recommendation of the V. Balakrishna Eradi committee on law relating to the insolvency and the winding up of companies.
Currently, the company is under insolvency proceedings as the Principal Bench of the National Company Law Tribunal (NCLT) has stated the initiation of insolvency proceedings against the realty firm over default on non-delivery of its Gurugram-based Shilas project. This order came on 19 November 2024.
The National Company Law Appellate Tribunal (NCLAT) is a tribunal which was formed by the Central Government of India under Section 410 of the Companies Act, 2013.The NCLAT was formed as a body with an appellate jurisdiction at the same time when NCLT was established as a major reform as per powers granted to the Ministry of Corporate Affairs in India.
On 12 January 2023, the Mumbai bench of the National Company Law Tribunal (NCLT) approved the merger of PVR and INOX. [41] In February 2023, PVR merged with its rival INOX Leisure to create the largest multiplex chain in India. [42] All the new properties opened after the merger with Inox will be branded as 'PVR Inox'. [43]
In May 2015, after the Delhi chief secretary and Indian Administrative Service (IAS) officer K. K. Sharma went on leave for ten days, Lieutenant Governor Jung ordered Shakuntala Gamlin, IAS officer and principal secretary in charge of Delhi government's departments of power and industries, to officiate as the chief secretary in Sharma's absence.
There are 25 High courts in India. The number of total judges sanctioned in these high courts are 1122 of which 846 judges are permanent and remaining 276 sanctioned for additional judges. As of 27 January 2025, 367 of the seats, about 32.71% are vacant. Allahabad High Court, has the largest number (160) of judges while Sikkim High Court has the smallest number (3) of judges. The lists of high ...
The court's principal bench is located in Bengaluru, the capital city of Karnataka, with additional benches in Hubballi-Dharwada and Kalaburagi. In Bengaluru , the High Court operates from a red-painted brick building known as the Attara Kacheri , located opposite the Vidhana Soudha , the seat of the Karnataka Legislature .
Non-circulating legal tender (NCLT) refers to coins that are theoretically legal tender and could circulate but do not because their issue price, and/or their melt value at the time of issue is significantly above the arbitrary legal tender value placed thereon. They are sold to collectors and investors with no intention that they be used as money.