The Ministry of Corporate Affairs has given a six-month extension to Justice RP Nagrath who is Member (Judicial) in the National Company Law Tribunal (NCLT), Chandigarh. He was due to retire on turning 65 years.
About:
National Company Law Tribunal (NCLT) is a quasi-judicial body that adjudicates issues relating to Indian companies.
It was constituted by the Central Government under section 408 of the Companies Act, 2013e.f. 1st June 2016.
In the first phase the Ministry of Corporate Affairs set up eleven Benches including one Principal Bench at New Delhi. These Benches are headed by the President and 16 Judicial Members and 09 Technical Members at different locations.
Section 413 of the Companies Act fixes the term of office of chairperson and members of all NCLTs at five years or 65 years, whichever is earlier.
Decisions of the NCLT may be appealed to the National Company Law Appellate Tribunal (NCLAT). The decisions of NCLAT may be appealed to the Supreme Court of India.
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