15 new judicial and technical members appointed for NCLT benches

The National Company Law Tribunal has appointed nine new judicial and six technical members, increasing capacity at benches overburdened by cases and capacity constraint.

Members hold positions for five-year terms or 65 years of age, whichever is earlier.

The tribunal has a total sanctioned strength of 63 members and 28 benches. Before the new appointments, the benches had 16 judicial Members and nine Technical Members across different benches to deal with matters relating to the IBC, mergers & acquisitions and operation and management matters along with company law matters.

Most of the case burden at the NCLT benches is due