{"id":2681,"date":"2021-09-12T09:15:00","date_gmt":"2021-09-12T09:15:00","guid":{"rendered":""},"modified":"2025-08-01T19:49:15","modified_gmt":"2025-08-01T19:49:15","slug":"central-appoints-31-members-to-nclt","status":"publish","type":"post","link":"https:\/\/adhivaktavani.com\/?p=2681","title":{"rendered":"Central appoints 31 members to NCLT, ITAT , After ‘SUPREME’ reprimanded"},"content":{"rendered":"

<\/span><\/p>\n

\"Centre<\/div>\n
<\/div>\n<\/p>\n

The Appointments Committee of the Cabinet approved the appointment of eight judicial and 10 technical members to the NCLT as well as six judicial members and seven accountant members to the ITAT, according to a communication by the Department of Personnel and Training on Saturday.<\/span><\/p>\n


<\/span><\/p>\n

The appointments to the NCLT are for five years or until the member reaches the age of 65 while appointments to the ITAT are for 4 years or until the members reach the age of 67.<\/span><\/p>\n

THE GOVERNMENT has appointed 31 members to the Benches of the National Company Law Tribunal (NCLT) and the Income Tax Appellate Tribunal (ITAT) after the Supreme Court urged the government to fill vacancies immediately.<\/span><\/p>\n


<\/span><\/p>\n

The Appointments Committee of the Cabinet approved the appointment of eight judicial and 10 technical members to the NCLT as well as six judicial members and seven accountant members to the ITAT, according to a communication by the Department of Personnel and Training on Saturday.<\/span><\/p>\n


<\/span><\/p>\n

The Bench noted that it did not want a confrontation with the government on this issue. The appointments to the NCLT are for five years or until the member reaches the age of 65 while appointments to the ITAT are for 4 years or until the members reach the age of 67.<\/span><\/p>\n

<\/p>\n

The Supreme Court had called out the government last week, saying the government had \u201cemasculated\u201d tribunals, such as the NCLT, by not appointing members. The court noted that a \u201ccritical situation has arisen\u201d due to the vacancies at the NCLT and the National Company Law Appellate Tribunal (NCLAT) with respect to the completion of corporate bankruptcy proceedings.<\/span><\/p>\n


<\/span><\/p>\n

Seventy five per cent of the 4,541 corporate insolvency cases that were ongoing at the end of June had crossed the 270-day threshold. The bankruptcy law requires that corporate insolvency proceedings be completed within 330 days, including a 60-day allowance for litigation. Cases that do not yield a successful resolution are required to be sent for liquidation barring exceptional cases.<\/span><\/p>\n

Benches of the NCLT deal with matters pertaining to company law as well as bankruptcy resolution while the ITAT deals with appeals related to income tax matters. The industry has flagged concerns about long pending vacancies at the NCLT as a key reason behind delays in bankruptcy resolution under the Insolvency and Bankruptcy Code.<\/span><\/p>\n


<\/span><\/p>\n

The Standing Committee on Finance had also called out the government on the impact of vacancies at the NCLT, which is also operating without a full-time president, and the NCLAT, which is operating without a full-time Chairperson.<\/span><\/p>\n


<\/span><\/p>\n

\u201cThere is no respect for the judgments of this court, that is what we are feeling. There is testing the patience of the court\u2026,\u201d Chief Justice of India N V Ramana, heading a three-judge Bench with Justices L Nageswara Rao and D Y Chandrachud, told Solicitor General Tushar Mehta.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The Appointments Committee of the Cabinet approved the appointment of eight judicial and 10 technical members to the NCLT as well as six judicial members..<\/p>\n","protected":false},"author":2,"featured_media":4023,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[297,326],"class_list":["post-2681","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-english","tag-nclt"],"yoast_head":"\nCentral appoints 31 members to NCLT, ITAT , After 'SUPREME' reprimanded - AdhivaktaVani<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/adhivaktavani.com\/?p=2681\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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