The procedure for filing a petition before NCLT court

The procedure for filing a petition before NCLT court

The procedure for filing a petition before NCLT court

NCLT stands for National Company Law Tribunal, is a quasi-judicial body set up to resolve disputes between civil corporations. It also has the authority to resolve the insolvency matters under the Insolvency and Bankruptcy Code, 2016.

Under Corporate law, also known by the name Company law, resolving the disputes and speedy disposal of corporate cases is one of the significant areas that received the Government’s attention. Resultantly, NCLT has been set up, replacing various othe