National Company Law Tribunal
Introduction:
National Company Law Tribunal is a quasi-judicial authority incorporated for dealing with civil disputes arising under the Companies Act. The Central Government set up the National Company Law Tribunal in 2016 under Section 408 of the Companies Act, 2013. NCLT is a specialized court only for Corporates, i.e., companies registered in India. This will be no more than a Tribunal for the Corporate Members. NCLT consists of both judicial and technical members while deciding on matters. NCLT will reduce the multiplicity of litigation before different forums and courts.
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