National Company Law Tribunal (NCLT)
The NCLT is a quasi-judicial body established under the Companies Act, 2013, which became operational in June 2016. It functions as the adjudicating authority for corporate insolvency proceedings under the IBC. The NCLT has jurisdiction over matters related to company law including mergers, amalgamations, oppression and mismanagement, and winding-up of companies. Appeals from NCLT decisions go to the National Company Law Appellate Tribunal (NCLAT), and further appeals on questions of law to the Supreme Court.
- NCLT was constituted under Section 408 of the Companies Act, 2013.
- NCLT replaced the Company Law Board (CLB), the Board for Industrial and Financial Reconstruction (BIFR), and the Appellate Authority for Industrial and Financial Reconstruction (AAIFR).
- Under the 2026 amendment, NCLT must admit or reject a CIRP application within 14 days of receipt.
- All withdrawal applications must be disposed of within 30 days of receipt.
● Tracked since April 01, 2026 · last seen July 03, 2026 · updates as the daily brief publishes
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