NCLAT Bench to be set up at Chennai to help resolve pending cases
By INSOL India - Editorial Team Posted On : June 01, 2020
A separate bench of the National Company Law Appellate Tribunal will be set up at Chennai with such bench possessing jurisdiction and authority to hear and adjudicate upon appeals against orders of NCLT benches located in Tamil Nadu, Karnataka, Kerala, Andhra Pradesh, Telanagana, Lakshadweep and Puducherry.
The new bench of the NCLAT aims to unclog pending cases at NCLAT, Delhi which shall continue to function as the Principal Bench and will continue to hear appeals other than those within the jurisdiction of the new NCLAT bench at Chennai.
All appeals falling under the jurisdiction of the new bench of the NCLAT at Chennai and currently pending before the NCLAT, Delhi shall be transferred to the Chennai bench. The Central Government may also consider establishing similar benches of the NCLAT in the Western and Eastern parts of India.