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8 special courts may hear insolvency cases
Private bank CEOs’ bonus goes missing in 2017-18
The corporate affairs ministry has proposed setting up special courts under the National Company Law Tribunal (NCLT) to deal with insolvency cases.
Ministry officials say eight courts are proposed to be set up for this purpose.
“These courts will be set up in Mumbai, Delhi, Chennai, Kolkata, and Hyderabad,” a senior ministry official said.
While three courts are proposed to be set up in Mumbai, two may come up in Delhi and one each in Chennai, Kolkata, and Hyderabad. Read more
Private bank CEOs’ bonus goes missing in 2017-18
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