Union minister Nirmala Sitharaman on January 25, 2021 inaugurated the Chennai bench of the National Company Law Appellate Tribunal (NCLAT).
- The Chennai bench will have jurisdiction to hear appeals against orders passed by the benches of the National Company Law Tribunal (NCLT) having jurisdiction of Karnataka, Tamil Nadu, Kerala, Andhra Pradesh, Lakshwadeep and Puducherry.
- The bench of the NCLAT at New Delhi will henceforth be known as the principal bench of the NCLAT, which will hear appeals other than those in the jurisdiction of Chennai bench of the NCLAT.
- Two members of the NCLAT, New Delhi have taken charge of the newly constituted Chennai bench of the NCLAT.
- The NCLAT now functions at a strength of 5 courts, 4 at the principal bench in New Delhi and the 5th at NCLAT, Chennai.
- Five new Benches of NCLT have been announced at Jaipur, Cuttack, Kochi, Indore and Amaravati, bringing the total number of benches to 16 (including the Principal Bench).
About National Company Law Appellate Tribunal (NCLAT)
- National Company Law Appellate Tribunal (NCLAT) was constituted under Section 410 of the Companies Act, 2013 for hearing appeals against the orders of National Company Law Tribunal(s) (NCLT), with effect from 1st June, 2016.
- NCLAT is also the Appellate Tribunal for hearing appeals against the orders passed by NCLT(s) under Section 61 of the Insolvency and Bankruptcy Code, 2016 (IBC), with effect from 1st December, 2016.
- NCLAT is also the Appellate Tribunal for hearing appeals against the orders passed by Insolvency and Bankruptcy Board of India under Section 202 and Section 211 of IBC.
- NCLAT is also the Appellate Tribunal to hear and dispose of appeals against any direction issued or decision made or order passed by the Competition Commission of India (CCI) – as per the amendment brought to Section 410 of the Companies Act, 2013 by Section 172 of the Finance Act, 2017, with effect from 26th May, 2017.
