NCLT transfers Eight Members with immediate Effect

In an organisational reshuffle, the National Company Law Tribunal (NCLT) has transferred 8 members to different benches across India with immediate effect.

According to a notification issued by the National Company Law Tribunal Registrar on Thursday, the list comprises 4 judicial members & 4 technical members.

The notification stated that "The members shall move to their new stations of posting, after lockdown restrictions on movement are withdrawn by the central government & the respective state Govts".

The NCLT has a strength of twenty-three Judicial members including its Acting President & twenty-five technical members, as per NCLT website.

Besides, the Tribunal in another notification said it will form a new bench for Cuttack, comprising its Judicial Member Sucharita R & Technical Member Satya Ranjan Prasad.

"This bench shall sit at NCLT Cuttack on alternate Wednesday, Thursday & Friday, per fortnight till further orders," it said adding that it would come into force from May 4. 

However, it also added that during the lockdown, Kolkata bench of NCLT would "continue to hear urgent matters of NCLT Cuttack through video conferencing."

Presently, hearing of all NCLT benches across India is closed following the coronavirus-induced lockdown. NCLT is hearing only urgent matters through video conferencing.

Earlier, last month, the Govt. had extended the tenure of the Acting President of NCLTÂ BSV Prakash Kumar for another 3 months.

The Tribunal was set up under section 408 of the Companies Act, 2013 on June 1, 2016.

Besides a Principal Bench at New Delhi, it has 14 other benches across India in cities including Ahmadabad, Allahabad, Cuttack, Bengaluru, Chandigarh, Kochi, Chennai, Guahati, Hyderabad, Kolkata, Mumbai, Jaipur, Indore, & Amravati.

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