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Benches of NCLT and NCLAT Title of the Bench Territorial.

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Presentation on theme: "Benches of NCLT and NCLAT Title of the Bench Territorial."— Presentation transcript:

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5 Benches of NCLT and NCLAT
Title of the Bench Territorial Jurisdiction of the Bench 1. New Delhi a)National Company Law Tribunal, Principal Bench. (1) State of Haryana. (2) State of Rajasthan. b)National Company Law Tribunal, New Delhi Bench (3) Union territory of Delhi. (1) State of Gujarat. (2) State of Madhya Pradesh. (3) Union territory of Dadra and Nagar Haveli. 2. National Company Law Tribunal, Ahmedabad Bench. (4) Union territory of Daman and Diu. (1) State of Uttar Pradesh. 3. National Company Law Tribunal, Allahabad Bench. (2) State of Uttarakhand. 4. National Company Law Tribunal, Bengaluru Bench (1) State of Karnataka. (1) State of Himachal Pradesh. (2) State of Jammu and Kashmir. (3) State of Punjab. 5. National Company Law Tribunal, Chandigarh Bench. (4) Union territory of Chandigarh. (1) State of Kerala. (2) State of Tamil Nadu. (3) Union territory of Lakshadweep. 6. National Company Law Tribunal, Chennai Bench. Benches of NCLT and NCLAT (4) Union territory of Puducherry. (1) State of Arunachal Pradesh. (2) State of Assam. (3) State of Manipur. (4) State of Mizoram. (5) State of Meghalaya. (6) State of Nagaland. (7) State of Sikkim. 7. National Company Law Tribunal, Guwahati Bench. (8) State of Tripura. (1) State of Andhra Pradesh. 8. National Company Law Tribunal, Hyderabad Bench. (2) State of Telangana. (1) State of Bihar. (2) State of Jharkhand. (3) State of Odisha. (4) State of West Bengal. (5) Union territory of Andaman and 9. National Company Law Tribunal, Kolkata Bench. Nicobar Islands. (1) State of Chhattisgarh. (2) State of Goa. (3) State of Maharashtra. 10. National Company Law Tribunal, Mumbai Bench.

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9 NCLT – A Single Fora for all Corporate Litigation
Oppression and Corporate Reconstruction Winding up Mismanagement Insolvency Resolution Process Relevant provisions Status 241 of Section 6-32 of Section 230 to 240 of Companies , 324, 326 and of the Companies Companies the Insolvency Act, 2013: (M&A); Act,2013 (Winding Up by tribunal) and Section 33 Act, and Bankruptcy Section 66 of the Companies Act, of the Insolvency and Bankruptcy Code,2016 Code, : (Reduction of Share Capital). (Voluntary &Compulsory Winding Up) Notified Not yet Notified Not yet Notified Not yet Notified Class Action Suits: Representative suit/action is not new in India ecosystem, Civil Prouder Code and Consumer Protection Act contains similar provisions, for representative suit/actions. But both the enactments are not suffice to counter the oppressive acts of companies and management thereof. Therefore first time in 2005, JJ Irani Report specifically advocated the need of such measures under Companies Act, in parallel to counterparts (i.e. USA, Singapore and UK). Subsequently in 2009, it gained its momentum with "India's Enron"- Satyam Fiasco case wherein financial accounts were manipulated. Thereafter in Companies Bill, 2009, class action suit was included as measures to be available with the Members and Creditors of the Company wherein as per their opinion affairs of the Company are conducted in manner prejudicial to the interest of the company, or its members and creditors. Section 245 of the Companies Act, 2013 covers the said provisions and adjudicating authority will be NCLT only.

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