NCLT & NCLAT SERVICES
The Supreme Court of India established National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT), a quasi-judicial authority on 1st June 2016 based on Article 245 to handle laws, structures, and settle disputes related to companies. The Tribunals function as a court of law to handle corporate legal matters. They are made an independent authority on such cases where the judicial powers of the High Court, the Board of Industrial and Financial Reconstruction (BIFR), and the Appellate Authority for Industrial and Financial Reconstruction (AAIFR) would all lie on the Tribunal according to the law.
Therefore, since 1st June, 2016, NCLT and NCLAT handle all corporate cases regarding every company listed in India, except financial institutions like banks. The setting up of NCLT & NCLAT is part of the efforts towards making it easier and faster to resolve all legal matters relating to the Company law under one roof. The Tribunals can handle the following actions such as share transfer disputes, class action suits against frauds, cases of abuse and mismanagement, inquiry and investigation, deregistration and dissolution of companies, reopen accounts, etc.
How can Eaccountspro help you?
With a rapid increase in commercial transactions, there is a constant rise in commercial disputes. As a result, there is no escape from the risk of corporate litigation. We have a formidable team of experts and professionals who are experienced in handling cases pertaining to Companies Act before the Tribunals. We offer a range of NCLT & NCLAT services that includes but are not restricted to consultation and advice, drafting of all types of commercial agreements (such as leasing, franchise, distribution, licensing, transfer, joint ventures, agency, etc.), assistance, and handling cases on behalf of receivers and liquidators.