Question : The government has recently(September 2021) appointed 31 members at the NCLT and the ITAT. What is the full form of NCLT ?
a. National Company Law Tribunal
b. National Corporate Law Tribunal
c. National Corporate Legal Tribunal
d. None of the above
Ans. a.
Related facts —
- The government has recently(September 2021) appointed 31 members at the NCLT and the ITAT.
- The NCLT & the ITAT —
- The National Company Law Tribunal (NCLT) deals with matters mainly related to companies law and insolvency law while Income Tax Appellate Tribunal (ITAT) deals with income tax matters.
- Background —
- It is noteworthy that Supreme Court has flagged concerns, saying the Centre was “emasculating” tribunals by not appointing officials to the quasi-judicial bodies that are facing staff crunch.
- There are around 250 posts lying vacant at various key tribunals and appellate tribunals such as NCLT, DRT, TDSAT and SAT.