{"id":1463,"date":"2025-04-11T05:31:05","date_gmt":"2025-04-11T05:31:05","guid":{"rendered":"https:\/\/demo.aidigimind.in\/legaltax\/?page_id=1463"},"modified":"2025-04-11T05:38:32","modified_gmt":"2025-04-11T05:38:32","slug":"nclt-nclat","status":"publish","type":"page","link":"https:\/\/legalandtaxindia.com\/index.php\/nclt-nclat\/","title":{"rendered":"NCLT & NCLAT"},"content":{"rendered":"\t\t
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NCLT stand for National Company Law Tribunal. It is a quasi-judicial body in India that adjudicates issues relating to Indian companies.Hera are some key points :<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Main Functions Of NCLT :<\/strong><\/p>

1) Corporate Law Matters<\/strong> : Handles cases under the Companies Act, 2013.<\/p>

2) Insolvency Proceedings<\/strong> : Deals with insolvency and bankruptcy matters under the Insolvency and Bankruptcy Code (IBC),2016.<\/p>

3) Oppression & Mismanagement :<\/strong> Handles cases where minority shareholders allege oppression or mismanagement by the majority.<\/p>

4) Compounding Of Offenses :<\/strong> Can compound certain offenses under the Companies Act.<\/p>

5) Winding Up Of Companies<\/strong> : Has the authority to order the winding of companies.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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APPEALS :<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Decisions of the NCLT can be appealed to the National Company Law Appellate Tribunal(NCLAT), and further to the Supreme Court Of India , If needed.
If you\u2019re referring to a specific NCLT case or need help with something like how to file a petition , a recent judgment,or understandings process feel free to share more details.<\/p>

Here\u2019s breakdown of the types of cases handled by NCLT and NCLAT in India.<\/p>

Cases Handled By NCLT(National Company Law Tribunal)<\/p>

1. Insolvency and Bankruptcy (IBC) cases<\/strong>
-Cooperate Insolvency Resolution Process (CIRP) under IBC,2016
– Cases filed by financial creditors, operational creditors, or the corporate debtor itself.
– Liquidation and resolution plan approvals.<\/p>

2. Company Law Matters(Companies Act,2013)<\/strong>
-Oppression and Mismanagement(Section 241 & 242)
-Class action suits by shareholders.
-Merger,demerger,amalgamation of companies (section 230-232)
-Reduction of share capital.
-Change in registered office form one state to another.
3. Winding Up Of Companies<\/strong>
-Based on just and equitable grounds, inability to pay debts etc.<\/p>

4. Restoration Of Companies<\/strong>
-Application for revival or restoration of struck-off companies (under section 252).<\/p>

5. Compounding Of Offenses<\/strong>
-Non-compliance with provision of the Companies Act.<\/p>

6.Conversion Of Public Company To Private<\/strong>
-Requires NCLT approval under the Company Act.<\/p>

Cases Handled By NCLAT(National Company Law Appellate Tribunal)<\/p>

1. Appeals From NCLT<\/strong>
-Against order passed by the NCLT under the Companies Act or IBC.<\/p>

2. Appeals Under Competition Act<\/strong>
-Appeals against order of the Competition Commission Of India (CCI)<\/p>

3. Appeals From IBBI<\/strong>
-Order passed by the Insolvency and Bankruptcy Board Of India.<\/p>

4. Appeals Under Section 61 of IBC<\/strong>
-Specific to insolvency-related matters.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

NCLT stand for National Company Law Tribunal. It is a quasi-judicial body in India that adjudicates issues relating to Indian companies.Hera are some key points : Main Functions Of NCLT : 1) Corporate Law Matters : Handles cases under the Companies Act, 2013. 2) Insolvency Proceedings : Deals with insolvency and bankruptcy matters under the<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-1463","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/legalandtaxindia.com\/index.php\/wp-json\/wp\/v2\/pages\/1463","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/legalandtaxindia.com\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/legalandtaxindia.com\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/legalandtaxindia.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/legalandtaxindia.com\/index.php\/wp-json\/wp\/v2\/comments?post=1463"}],"version-history":[{"count":10,"href":"https:\/\/legalandtaxindia.com\/index.php\/wp-json\/wp\/v2\/pages\/1463\/revisions"}],"predecessor-version":[{"id":1474,"href":"https:\/\/legalandtaxindia.com\/index.php\/wp-json\/wp\/v2\/pages\/1463\/revisions\/1474"}],"wp:attachment":[{"href":"https:\/\/legalandtaxindia.com\/index.php\/wp-json\/wp\/v2\/media?parent=1463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}