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Govt defers plan to set up special NCLT benches for insolvency cases

Eight courts were to be set up to exclusively deal with insolvency cases - three in Mumbai, two in New Delhi, and one each in Chennai, Kolkata and Hyderabad

NCLT, IBC
Illustration: Binay Sinha

The government has deferred its plan to set up special Benches of the National Company Law Tribunal (NCLT) for insolvency cases as vacancies in the existing Benches are yet to be filled. The Ministry of Corporate Affairs had earlier said the special benches would be constituted by early November.  “We are yet to recruit members for the existing Benches. That will happen only by January. Before that, we cannot look at the proposed additional Benches,” a senior ministry official said. Interviews for more members in the existing Kolkata and Hyderabad Benches will be ...