CURRENT AFFAIRS : NATIONAL NEWS
Finance Minister inaugurates Chennai Bench of NCLAT
- Union Minister for Finance and Corporate Affairs Nirmala Sitharaman inaugurated the Chennai Bench of National Company Law Appellate Tribunal (NCLAT) through virtual mode.
- The inaugural ceremony was held in the presence of Shri. Justice Bansi Lal Bhat, Acting Chairperson, NCLAT, Shri Rajesh Verma, Secretary, Ministry of Corporate Affairs, other members of NCLAT and the National Company Law Tribunals, officers of Ministry of Corporate Affairs, Ministry of Finance as well as members of the Bar.
- The New Delhi Bench of NCLAT is the Principal Bench of the National Company Law Appellate Tribunal established in
- Five new Benches of NCLT have been announced at Jaipur, Cuttack, Kochi, Indore and Amaravati, bringing the total number of Benches to 16 (including the Principal Bench). The NCLAT now functions at a strength of 5 courts, 4 at the Principal Bench in New Delhi and the 5th at NCLAT, Chennai.
- The Chennai Bench of NCLAT shall have jurisdiction to hear the Appeals arising out of the orders passed by the benches of NCLT having jurisdiction of Karnataka, Tamil Nadu, Kerala, Andhra Pradesh, Lakshadweep and Puducherry.
- Two Members of NCLAT, New Delhi, Hon’ble Shri. Balvinder Singh, Member (Technical) and Hon’ble. Shri. Justice Venugopal M. have taken charge of the newly constituted Chennai Bench of the NCLAT.
