What Is NCLT ?
The National Company Law Tribunal (NCLT) is a quasi-judicial body that hears company disputes. Any person who is a creditor of a company registered under the Companies Act, 2013, can file a case.
The National Company Law Tribunal (NCLT) is presently India’s most important court for deciding on a company’s bankruptcy. It investigates if Limited Liability Partnerships (LLPs), corporations, or firms are insolvent. The NCLT has jurisdiction over not only insolvency and bankruptcy cases, but also any other disputes that may arise between or within a company established under the Companies Act of 2013.
The Following Are Some Examples :
1. Winding up proceedings must be filed against a company or LLP that has defaulted.
2. Under the Insolvency and Bankruptcy Code (IBC), a person who wants to reclaim money .
3. A company that intends to go into voluntary winding up.
4. Individual bankruptcy or income tax-related inquiries are not included in the NCLT at this time.
Services We Provide:
- Prepare for, and appear before, the National Company Law Tribunal by researching, submitting, and filing applications/petitions (NCLT).
- Handle Mergers and Acquisitions tribunal processes and departmental approvals.
- Advise and monitor the National Company Law Tribunal’s corporate insolvency and bankruptcy proceedings (NCLT).
- Petition for Opression and Mismanagement filing.
- Petition for Revision of Financial Statements filing
- Filing of an application for company restoration under Section 252 of the Companies Act of 2013.