Govt plans special courts under NCLT by Nov to deal with insolvency cases

Officials in the Ministry of Corporate Affairs said 30 judges might be recruited

Special courts under the National Company Law Tribunal (NCLT) are likely to be set up by November to deal with an increasing number insolvency cases. The Ministry of Corporate Affairs is working on this proposal. 

Officials in the ministry said 30 judges might be recruited.  

“Our focus is to hire as many judges as possible because the tribunal cannot function without them. It can function with a few technical members or none, but not without judicial members,” said a senior official. Eight courts would be set up for this, three in Mumbai, two in New Delhi, and one each in Chennai, Kolkata,