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National Company Law Tribunal

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uuid0097xls

Namestring
National Company Law Tribunal
Legal namestring
National Company Law Tribunal
Websiteurl
nclt.gov.in
Company typeenum
Private
Founded yearint
2016
Descriptiontext

The National Company Law Tribunal (NCLT) is a statutory quasi-judicial body of the Government of India constituted under Section 408 of the Companies Act, 2013, with effect from 1 June 2016. It holds exclusive jurisdiction over company law matters in India, including corporate insolvency resolution under the Insolvency and Bankruptcy Code (IBC), mergers, amalgamations and reconstructions, oppression and mismanagement claims, shareholder disputes, and winding up of companies. NCLT serves Indian companies, financial and operational creditors, and legal professionals through 16 benches nationwide — one Principal Bench in New Delhi and 15 regional benches covering every state and union territory.

NCLT's technology platform is built around an integrated digital tribunal system. Core modules include an E-Filing Portal (efiling.nclt.gov.in) for electronic case submissions, a Case Status Tracking system searchable by filing number, party, or advocate, a Cause List publication system for all benches, a searchable Judgment/Order database, a real-time Display Board (dBWeb) for court schedules, and an Online eVisitor system hosted on National Informatics Centre (NIC) infrastructure. A virtual/hybrid hearing system has been installed across 31 courts to enable remote participation, and the public website is WCAG 2.0 Level AA compliant. IT infrastructure is supported by NIC, and procurement is conducted through the Government e-Marketplace (GeM).

NCLT does not operate a commercial business model. As a statutory tribunal under the Ministry of Corporate Affairs, it does not charge for its quasi-judicial services; filing fees are prescribed under the NCLT Rules, 2016, and operations are funded through central government budgetary allocations. The institution is headed by a President (currently Hon'ble Mr. Justice Anupinder Singh Grewal) and comprises Judicial and Technical Members appointed by the central government. NCLT is not a privately investable entity — it has no shareholders, equity, or external investors, and is not comparable to a commercial enterprise on revenue or growth metrics.

Short descriptiontext

The National Company Law Tribunal is a statutory quasi-judicial body of the Government of India that adjudicates company law disputes, corporate insolvency under the IBC, and restructuring matters through 16 benches nationwide, serving Indian companies, creditors, and legal professionals.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
5,001–10,000
akta.pro rankint
HeadquartersNew Delhi, India
HQ citystring
New Delhi
HQ countrystring
India
HQ regionstring
Asia
Markets served

Serves global market

Offices15 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
company law adjudication, insolvency resolution, tribunal services, corporate dispute resolution, merger approval
Industry3 codes
1Court Services & Operations (Clerks, Records, Jury, Interpreters)
CodeBPAIAFAHPrimaryYes
2Bankruptcy, Restructuring & Insolvency Law
CodeBPAHAAAHPrimaryNo
3Dispute Resolution, Appeals & Tax Tribunals
CodeBPAIADAKPrimaryNo
NAICS code2 codes
  • Offices of Lawyers541110
  • Offices of Lawyers54111
SIC code1 code
  • Services-Legal Services8111
Product category
Company Law Adjudication
Social media profiles1 record
Marketing channels3 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components4 values
Personnel, Infrastructure, Operations, Technology or R&D
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

The National Company Law Tribunal (NCLT) is a statutory quasi-judicial body that adjudicates company law disputes and corporate insolvency proceedings in India. It adjudicates cases under the Companies Act 2013 and the Insolvency and Bankruptcy Code (IBC), including mergers, acquisitions, corporate restructuring, oppression and mismanagement claims, and winding up of companies. NCLT operates 16 benches across India with electronic filing portals, virtual hearing capabilities, and integrated case management systems to deliver specialized judicial services.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 value
  • PM recognition of NCLT work in March 2023
Product overview1 text field

National Company Law Tribunal (NCLT) operates as a unified digital tribunal platform with multiple interconnected modules serving India's company law adjudication system. The core platform consists of an E-Filing Portal for electronic case submissions, Case Status Tracking for monitoring proceedings, Cause List publication system, Judgment/Order Search database, Display Board for real-time court schedules, and a Virtual/Hybrid Hearing System enabling remote participation. Additional services include an Online eVisitor system for entry pass management. The platform supports 16 benches across India with centralized digital services.

Product and service6 records
1Company Law Adjudication Services
CategoryQuasi-Judicial Services
Description

Quasi-judicial adjudication of company law disputes under the Companies Act 2013, including mergers, acquisitions, corporate restructuring, compromises, arrangements, reconstructions, prevention of oppression and mismanagement, winding up of companies, and shareholder disputes. For Indian companies, corporate entities, shareholders, and other parties requiring statutory resolution of corporate matters.

2Corporate Insolvency Resolution Proceedings
CategoryQuasi-Judicial Services
Description

Adjudication of corporate insolvency cases under the Insolvency and Bankruptcy Code (IBC), including admission of insolvency applications, Corporate Insolvency Resolution Process (CIRP), approval of resolution plans, and liquidation proceedings. For financial creditors, operational creditors, and corporate debtors.

3E-Filing Portal
CategoryDigital Services
Description

Online portal for electronic filing of cases, petitions, and applications to NCLT benches across India. Includes case history tracking facility. For advocates, companies, financial creditors, operational creditors, and other parties filing cases before NCLT.

4Case Status Tracking
CategoryDigital Services
Description

Online system to track case status by diary number, case number, party name, or advocate name across all NCLT benches. For parties to proceedings, advocates, and other stakeholders monitoring case progress.

5Judgment/Order Search
CategoryDigital Services
Description

Searchable database of NCLT judgments and orders filterable by order date, case number, petitioner/respondent, advocate name, or judgment date. For legal professionals, parties to proceedings, researchers, and other stakeholders.

6Online eVisitor System
CategoryDigital Services
Description

Online visitor management system hosted on NIC infrastructure for issuing permanent entry passes to visitors of NCLT premises. For advocates, parties to proceedings, and other regular visitors to NCLT benches.

Scale indicator5 records

Each record includes

Type, Value, Description, Source

Partnership4 partners
Strategic tierCoreTypeOthers
Description

NCLT operates under the administrative control of the Ministry of Corporate Affairs, Government of India. MCA oversees the functioning, budget, and policy matters of NCLT.

Strategic tierCoreTypeOthers
Description

NCLT works closely with IBBI for insolvency resolution matters. IBBI is the regulator for insolvency professionals and information utilities under the IBC.

Strategic tierCoreTypeTechnology or Integration
Description

NIC provides IT infrastructure and technical support for NCLT's e-filing portal, website, and digital services. e-Visitor system hosted on NIC infrastructure.

Strategic tierMinorTypeChannel Partner/ Reseller/ Distributor
Description

NCLT procures goods and services through Government e-Marketplace (GeM) for operational needs including IT assets, cab services, and maintenance.

Recent move8 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeBroad incumbent
Description

Statutory regulator adjudicating competition/antitrust matters including mergers. Comparable as a corporate-law-adjacent regulator that reviews M&A — NCLT and CCI frequently interact on combination approvals.

TypeBroad incumbent
Description

Specialized statutory tribunal for environmental disputes. Comparable as a sister tribunal with analogous bench structure, regional presence, and government oversight — though focused on environmental adjudication.

TypeOthers
Description

Statutory regulator for insolvency professionals under the IBC. Although not a tribunal, IBBI is the closest institutional partner of NCLT — its registered insolvency professionals appear before NCLT in every CIRP, making the two functionally co-dependent.

TypeBroad incumbent
Description

Statutory appellate tribunal for income tax disputes in India. Comparable as a quasi-judicial adjudicatory body with multiple regional benches, government oversight, and a similar caseload profile — though focused on tax rather than company law.

TypeBroad incumbent
Description

Statutory appellate tribunal for securities market disputes under SEBI. Comparable as a specialized quasi-judicial body handling corporate-finance-adjacent matters, with similar bench infrastructure and digital case-management rollout.

TypeBroad incumbent
Description

Statutory tribunal adjudicating debt recovery cases for banks and financial institutions. Comparable as a parallel quasi-judicial forum with similar bench-based structure, e-filing, and government oversight — though its subject matter is financial recovery rather than corporate law.

7National Company Law Appellate Tribunal (NCLAT)
TypeDirect peer
Description

Appellate body hearing appeals against NCLT orders. Most directly comparable peer — same statutory family, same subject matter (company law and IBC), same parent Ministry, with NCLT decisions routinely appealed to NCLAT.

TypeOthers
Description

Administrative arm under the same parent Ministry handling company incorporation, filings, and compliance. Functionally upstream of NCLT — disputes originating from ROC/administrative actions frequently reach NCLT, making the two closely linked.

TypeBroad incumbent
Description

Statutory appellate tribunal for indirect tax disputes. Comparable as a quasi-judicial body with regional benches, e-filing, and similar case-management digitization trajectory.

TypeBroad incumbent
Description

Statutory tribunal adjudicating service disputes involving government employees. Comparable as a large-scale government tribunal with multiple benches and similar digital infrastructure rollout — though subject matter is administrative rather than corporate.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat3 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights5 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature4 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles3 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

National Company Law Tribunal

Company Law Adjudicationnclt.gov.in

The National Company Law Tribunal is a statutory quasi-judicial body of the Government of India that adjudicates company law disputes, corporate insolvency under the IBC, and restructuring matters through 16 benches nationwide, serving Indian companies, creditors, and legal professionals.

What National Company Law Tribunal does

The National Company Law Tribunal (NCLT) is a statutory quasi-judicial body of the Government of India constituted under Section 408 of the Companies Act, 2013, with effect from 1 June 2016. It holds exclusive jurisdiction over company law matters in India, including corporate insolvency resolution under the Insolvency and Bankruptcy Code (IBC), mergers, amalgamations and reconstructions, oppression and mismanagement claims, shareholder disputes, and winding up of companies. NCLT serves Indian companies, financial and operational creditors, and legal professionals through 16 benches nationwide — one Principal Bench in New Delhi and 15 regional benches covering every state and union territory.

NCLT's technology platform is built around an integrated digital tribunal system. Core modules include an E-Filing Portal (efiling.nclt.gov.in) for electronic case submissions, a Case Status Tracking system searchable by filing number, party, or advocate, a Cause List publication system for all benches, a searchable Judgment/Order database, a real-time Display Board (dBWeb) for court schedules, and an Online eVisitor system hosted on National Informatics Centre (NIC) infrastructure. A virtual/hybrid hearing system has been installed across 31 courts to enable remote participation, and the public website is WCAG 2.0 Level AA compliant. IT infrastructure is supported by NIC, and procurement is conducted through the Government e-Marketplace (GeM).

NCLT does not operate a commercial business model. As a statutory tribunal under the Ministry of Corporate Affairs, it does not charge for its quasi-judicial services; filing fees are prescribed under the NCLT Rules, 2016, and operations are funded through central government budgetary allocations. The institution is headed by a President (currently Hon'ble Mr. Justice Anupinder Singh Grewal) and comprises Judicial and Technical Members appointed by the central government. NCLT is not a privately investable entity — it has no shareholders, equity, or external investors, and is not comparable to a commercial enterprise on revenue or growth metrics.

National Company Law Tribunal firmographics

Firmographics
Name
National Company Law Tribunal
Legal name
National Company Law Tribunal
Website
https://nclt.gov.in
Company type
Private
Founded year
2016
Operating status
Operating
Headcount range
5,001–10,000 employees
Short description
The National Company Law Tribunal is a statutory quasi-judicial body of the Government of India that adjudicates company law disputes, corporate insolvency under the IBC, and restructuring matters through 16 benches nationwide, serving Indian companies, creditors, and legal professionals.
Ownership category
akta.pro rank

National Company Law Tribunal industry classification

Industry
Product category
Company Law Adjudication
NAICS
Offices of Lawyers (541110), Offices of Lawyers (54111)
SIC
Services-Legal Services (8111)
akta.pro primary industry
Court Services & Operations (Clerks, Records, Jury, Interpreters) (BPAIAFAH)
akta.pro secondary industries
Bankruptcy, Restructuring & Insolvency Law (BPAHAAAH), Dispute Resolution, Appeals & Tax Tribunals (BPAIADAK)

Keywords

  • Company law adjudication
  • Insolvency resolution
  • Tribunal services
  • Corporate dispute resolution
  • Merger approval

Where National Company Law Tribunal is headquartered

Location

Headquarters

HQ city
New Delhi
HQ country
India
HQ region
Asia

Offices15 records

Markets served

National Company Law Tribunal business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Infrastructure, Operations, Technology or R&D

Distribution channels3 records

Marketing channels3 records

National Company Law Tribunal product offering

Product offering

Core offering

The National Company Law Tribunal (NCLT) is a statutory quasi-judicial body that adjudicates company law disputes and corporate insolvency proceedings in India. It adjudicates cases under the Companies Act 2013 and the Insolvency and Bankruptcy Code (IBC), including mergers, acquisitions, corporate restructuring, oppression and mismanagement claims, and winding up of companies. NCLT operates 16 benches across India with electronic filing portals, virtual hearing capabilities, and integrated case management systems to deliver specialized judicial services.

Product overview

National Company Law Tribunal (NCLT) operates as a unified digital tribunal platform with multiple interconnected modules serving India's company law adjudication system. The core platform consists of an E-Filing Portal for electronic case submissions, Case Status Tracking for monitoring proceedings, Cause List publication system, Judgment/Order Search database, Display Board for real-time court schedules, and a Virtual/Hybrid Hearing System enabling remote participation. Additional services include an Online eVisitor system for entry pass management. The platform supports 16 benches across India with centralized digital services.

Differentiator

Problem solved

Functional benefit

Products and services

  • Company Law Adjudication Services Quasi-judicial adjudication of company law disputes under the Companies Act 2013, including mergers, acquisitions, corporate restructuring, compromises, arrangements, reconstructions, prevention of oppression and mismanagement, winding up of companies, and shareholder disputes. For Indian companies, corporate entities, shareholders, and other parties requiring statutory resolution of corporate matters.
  • Corporate Insolvency Resolution Proceedings Adjudication of corporate insolvency cases under the Insolvency and Bankruptcy Code (IBC), including admission of insolvency applications, Corporate Insolvency Resolution Process (CIRP), approval of resolution plans, and liquidation proceedings. For financial creditors, operational creditors, and corporate debtors.
  • E-Filing Portal Online portal for electronic filing of cases, petitions, and applications to NCLT benches across India. Includes case history tracking facility. For advocates, companies, financial creditors, operational creditors, and other parties filing cases before NCLT.
  • Case Status Tracking Online system to track case status by diary number, case number, party name, or advocate name across all NCLT benches. For parties to proceedings, advocates, and other stakeholders monitoring case progress.
  • Judgment/Order Search Searchable database of NCLT judgments and orders filterable by order date, case number, petitioner/respondent, advocate name, or judgment date. For legal professionals, parties to proceedings, researchers, and other stakeholders.
  • Online eVisitor System Online visitor management system hosted on NIC infrastructure for issuing permanent entry passes to visitors of NCLT premises. For advocates, parties to proceedings, and other regular visitors to NCLT benches.

Quantifiable outcome

  • PM recognition of NCLT work in March 2023

Companies that use National Company Law Tribunal

Customer profile

Segments3 records

Ideal customer profiles3 records

National Company Law Tribunal technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature4 records

National Company Law Tribunal partnerships and signals

Strategic signal

Partnerships

Four partnerships are on record, tiered core and minor.

  • Ministry of Corporate Affairs (MCA)coreOthersNCLT operates under the administrative control of the Ministry of Corporate Affairs, Government of India. MCA oversees the functioning, budget, and policy matters of NCLT.
  • Insolvency and Bankruptcy Board of India (IBBI)coreOthersNCLT works closely with IBBI for insolvency resolution matters. IBBI is the regulator for insolvency professionals and information utilities under the IBC.
  • National Informatics Centre (NIC)coreTechnology or IntegrationNIC provides IT infrastructure and technical support for NCLT's e-filing portal, website, and digital services. e-Visitor system hosted on NIC infrastructure.
  • Government e-Marketplace (GeM)minorChannel Partner/ Reseller/ DistributorNCLT procures goods and services through Government e-Marketplace (GeM) for operational needs including IT assets, cab services, and maintenance.

Scale indicators5 records

Recent moves8 records

Expansion highlights5 records

National Company Law Tribunal competitors and assessment

Company assessment

Broad incumbents

  • Competition Commission of India (CCI): Statutory regulator adjudicating competition/antitrust matters including mergers. Comparable as a corporate-law-adjacent regulator that reviews M&A — NCLT and CCI frequently interact on combination approvals.
  • National Green Tribunal (NGT): Specialized statutory tribunal for environmental disputes. Comparable as a sister tribunal with analogous bench structure, regional presence, and government oversight — though focused on environmental adjudication.
  • Income Tax Appellate Tribunal (ITAT): Statutory appellate tribunal for income tax disputes in India. Comparable as a quasi-judicial adjudicatory body with multiple regional benches, government oversight, and a similar caseload profile — though focused on tax rather than company law.
  • Securities Appellate Tribunal (SAT): Statutory appellate tribunal for securities market disputes under SEBI. Comparable as a specialized quasi-judicial body handling corporate-finance-adjacent matters, with similar bench infrastructure and digital case-management rollout.
  • Debt Recovery Tribunal (DRT): Statutory tribunal adjudicating debt recovery cases for banks and financial institutions. Comparable as a parallel quasi-judicial forum with similar bench-based structure, e-filing, and government oversight — though its subject matter is financial recovery rather than corporate law.
  • Customs, Excise and Service Tax Appellate Tribunal (CESTAT): Statutory appellate tribunal for indirect tax disputes. Comparable as a quasi-judicial body with regional benches, e-filing, and similar case-management digitization trajectory.
  • Central Administrative Tribunal (CAT): Statutory tribunal adjudicating service disputes involving government employees. Comparable as a large-scale government tribunal with multiple benches and similar digital infrastructure rollout — though subject matter is administrative rather than corporate.

Others

  • Insolvency and Bankruptcy Board of India (IBBI): Statutory regulator for insolvency professionals under the IBC. Although not a tribunal, IBBI is the closest institutional partner of NCLT — its registered insolvency professionals appear before NCLT in every CIRP, making the two functionally co-dependent.
  • Registrar of Companies (ROC) / Ministry of Corporate Affairs: Administrative arm under the same parent Ministry handling company incorporation, filings, and compliance. Functionally upstream of NCLT — disputes originating from ROC/administrative actions frequently reach NCLT, making the two closely linked.

Direct peers

  • National Company Law Appellate Tribunal (NCLAT): Appellate body hearing appeals against NCLT orders. Most directly comparable peer — same statutory family, same subject matter (company law and IBC), same parent Ministry, with NCLT decisions routinely appealed to NCLAT.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

National Company Law Tribunal social profiles

Digital presence

National Company Law Tribunal financial estimates

Financial estimate

Revenue estimate

Valuation estimate

National Company Law Tribunal leadership team

Management profile

Number of profiles

Profiles3 records

National Company Law Tribunal funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

National Company Law Tribunal M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about National Company Law Tribunal

What does National Company Law Tribunal do?

The National Company Law Tribunal (NCLT) is a statutory quasi-judicial body that adjudicates company law disputes and corporate insolvency proceedings in India. It adjudicates cases under the Companies Act 2013 and the Insolvency and Bankruptcy Code (IBC), including mergers, acquisitions, corporate restructuring, oppression and mismanagement claims, and winding up of companies. NCLT operates 16 benches across India with electronic filing portals, virtual hearing capabilities, and integrated case management systems to deliver specialized judicial services.

Is National Company Law Tribunal a public or private company?

National Company Law Tribunal is a private company. It is classified as state government owned and is currently operating.

When was National Company Law Tribunal founded?

National Company Law Tribunal was founded in 2016. It employs 5,001 to 10,000 people.

Where is National Company Law Tribunal based?

National Company Law Tribunal is headquartered in New Delhi, India, in the Asia region.

Who are National Company Law Tribunal's main competitors?

Broad incumbents on record are Competition Commission of India (CCI), National Green Tribunal (NGT), Income Tax Appellate Tribunal (ITAT), Securities Appellate Tribunal (SAT), Debt Recovery Tribunal (DRT), Customs, Excise and Service Tax Appellate Tribunal (CESTAT) and Central Administrative Tribunal (CAT). Others are Insolvency and Bankruptcy Board of India (IBBI) and Registrar of Companies (ROC) / Ministry of Corporate Affairs. National Company Law Appellate Tribunal (NCLAT) is listed as a direct peer.

Does National Company Law Tribunal have an API?

No public API is recorded for National Company Law Tribunal.

What industry is National Company Law Tribunal in?

National Company Law Tribunal's product category is Company Law Adjudication. Its primary akta.pro industry code is BPAIAFAH, Court Services & Operations (Clerks, Records, Jury, Interpreters), with a secondary code of BPAHAAAH, Bankruptcy, Restructuring & Insolvency Law. Its NAICS code is 541110 and its SIC code is 8111.

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Live signals
Business StandardSC rejects MMTC plea against ₹1,950 crore NSEL settlement schemeThe Supreme Court dismissed MMTC Limited's challenge to a ₹1,950 crore settlement scheme designed to resolve claims from National Spot Exchange Limited's 2013 payment default. The court upheld the decision of the National Company Law Appellate Tribunal, which had previously validated the scheme due to strong creditor support and the absence of objections from regulatory authorities. This ruling removes the final legal obstacle to the settlement plan aimed at addressing creditors' losses.The Times of IndiaAt 107, National Company Law Tribunal OKs record insolvency casesThe National Company Law Tribunal approved 107 corporate insolvency cases in the last quarter, valued at Rs 11,000 crore, up from 78 cases in the previous quarter. The tribunal is 14 members short of its sanctioned strength, with vacancies slowing case processing.Financial ExpressNCLT approves 107 resolution plans in second quarter, up 78% from last yearThe National Company Law Tribunal approved 107 resolution plans in the second quarter of FY27, a record quarterly figure up 78% from the previous year. The plans were worth Rs 11,071 crore, bringing the first-half total to 185. The tribunal is short 14 members of its sanctioned strength, and the MCA is considering increasing capacity by 26.MondaqNCLT Bengaluru Refuses To Sanction Amalgamation; Flags Tax Non-compliance, Creditor Opposition And Insolvency ExposureThe Bengaluru Bench of the National Company Law Tribunal declined to approve a proposed merger of four real estate companies under the same promoter group. The decision raised questions about corporate amalgamation standards under the Companies Act, 2013, citing tax non-compliance, creditor opposition, and insolvency exposure.ScanXBN Agrochem gets NCLT order for 90-day extension on merger meetingsThe National Company Law Tribunal granted BN Agrochem a 90-day extension to convene shareholder and creditor meetings for its proposed amalgamation with three transferor companies. The order, dated August 13, 2026, allows additional time for internal approvals and authorizations. The tribunal cited delays in internal approvals as the reason for the extension.NDTV ProfitSubhash Chandra Insolvency Case: NCLT Five Judge Bench Issues Notice To CBIA special five-judge bench of the National Company Law Tribunal issued a notice to the Central Bureau of Investigation in the insolvency case of Essel Group founder Subhash Chandra. The tribunal directed the CBI to file its formal response within four weeks.Business StandardSC flags NCLT infrastructure, member shortage; asks Centre to address gapsThe Supreme Court expressed concern over vacancies and inadequate infrastructure at the National Company Law Tribunal, noting benches hold only half-day sittings. The Court directed the NCLT Bar Association to submit infrastructure details and asked the Union government to file a status report. The matter is posted for further consideration after two weeks.BusinessLineOver 200 insolvency professionals’ registrations cancelled in Q1 FY27The National Company Law Tribunal's ruling on Subhash Chandra's repayment plan highlighted a surge in insolvency professional cancellations. IBBI data shows 207 IP registrations were cancelled in Q1 FY27, all due to eligibility failures, while 31 show-cause notices were issued. Only eight new registrations were recorded, and 1,944 of 7,019 CIRPs involved a different resolution professional.ScanXVenmax Drugs to hold shareholder meeting for Hatri Pharma merger on Oct 24The National Company Law Tribunal, Hyderabad Bench, ordered Venmax Drugs to hold an equity shareholder meeting on October 24, 2026, for its proposed amalgamation with Hatri Pharma Private Limited. The meeting will be conducted via video conference, following the disposal of case application CA (CAA) 30/230/HDB/2026 on September 7, 2026.BusinessLineA battle over the soul of IBC’s Part III normsA five-member National Company Law Tribunal bench stayed the implementation of a repayment plan in Subhash Chandra's insolvency case. The bench is debating whether Part III of the Insolvency and Bankruptcy Code should be interpreted by its words alone or by Parliament's commercial purpose, with the technical member arguing for purposive construction.