In pursuance of judgement of Hon’ble Supreme Court, the
Government has decided to set up a bench of National Company Law Appellate
Tribunal (NCLAT) at Chennai.
Union Finance Ministry stated that the Government is taking all
steps to strengthen the NCLT and NCLAT in terms of number of benches, number of
courts and number of members, to reduce the pendency. Apart from decision to
set up NCLAT bench at Chennai, five new benches of NCLT have been set up during
2018-2019 at Jaipur, Cuttack, Kochi, Indore and Amaravati. The Government has
recently appointed 28 more members in NCLT and 4 more members in NCLAT. For
capacity building of members, regular colloquiums are being held. e-Court
project has also been implemented in a few benches with heavy case load.
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