NCLT or the National Company Law tribunal acts as the adjudicating authority when there is insolvency resolution process to be handled. This adjudicating body is specific to the debtors where the debtors are the corporate debtors. The purpose of this blog is to make you intimate with the powers of this tribunal so that you have a deeper understanding of what you might have to go through if you come across a case of insolvency.
NCLT is established under the IBC 2016. This adjudicating authority has the following powers and responsibilities:
The above mentioned are the powers of NCLT. If you want more information about other intricacies association with Insolvency and Bankruptcy, you can browse through our Knowledgebase.
For feedback, kindly engage with us through Comments.