Jai Raj Bhati
A notification dated January 7, 2025, by the Ministry of Corporate Affairs (MCA) for expanding the workforce of the National Company Law Tribunal (NCLT), the Tribunal deals with corporate matters.
The workforce increment is to help the Tribunal handle cases more efficiently and deal with the situations corporate sectors are facing regularly, such as corporate disputes, insolvency, and mergers and acquisitions.
The issued notification educates that the judicial and technical members are going to serve for 65 years of their age or 5 years for the appointment, whichever they meet first, the appointed members in total are 24 form 11 are concerned with judicial duties and 13 are concern with salaries varying from ₹2,24,100 to ₹1,82,200 monthly.
The appointees have members like Justice Jyotsna Sharma, Sunil Kumar Aggarwal, and others working in the judicial department to equally balance and give the NCLT a well-rounded adjudicative process. The technical team comprised Siddharth Mishra and Reena Sinha Puri, among others.