Business Standard

Cabinet okays creation of additional posts in NCLAT

Image

IANS New Delhi
The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the creation of additional posts of three judicial members and three technical members in the National Company Law Appellate Tribunal (NCLAT).
The posts will be created in Level 17 (Rs 2,25,000 fixed per month) plus allowances as admissible. The total financial implication will be around Rs 2.28 crore per annum.
"This will ensure to meet the mandate provided to the NCLAT by the Finance Act, 2017, the Companies Act, the Insolvency and Bankruptcy Code, 2016 and the time frame provided for disposal of cases," an official release said.
--IANS
mak/arm

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Mar 27 2019 | 9:36 PM IST

Explore News