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Cabinet clears creation of more posts for judicial, tech members in NCLAT

"The posts will be created in Level 17 (Rs 2,25,000 - fixed) plus allowances as admissible. The total financial implication will be Rs 2,27,82,096 per annum," according to an official release

Press Trust of India  |  New Delhi 

Will take action against firms such as Liberty House: NCLAT

Six additional posts of judicial and technical members will be created in the (NCLAT), with the approving a proposal on Wednesday.

The tribunal hears appeals against rulings of the (NCLT).

The on Wednesday cleared a proposal for creation of three additional posts, each for judicial members and technical members, in the NCLAT, according to an official release.

"The posts will be created in Level 17 (Rs 2,25,000 - fixed) plus allowances as admissible. The total financial implication will be Rs 2,27,82,096 per annum," it added.

The new posts would ensure meeting the mandate provided to by the Finance Act, 2017, the Act, the Insolvency and Bankruptcy Code, 2016 and the timeframe provided for disposal of cases, the release said.

First Published: Wed, March 27 2019. 17:35 IST
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