Know the Meaning and Difference between NCLT and NCLAT PPT - PowerPoint PPT Presentation

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Know the Meaning and Difference between NCLT and NCLAT PPT

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Under the IBC code, every decision that the NCLT makes can be appealed against at NCLAT. However, is there more to the conversation of NCLT VS NCLAT? In this particular presentation, you are going to know about these tribunals in Detail. – PowerPoint PPT presentation

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Title: Know the Meaning and Difference between NCLT and NCLAT PPT


1
NCLT (National Company Law Tribunal) NCLAT
(National Company Law Appellate Tribunal)
  • Presented By
  • Registrationwala

2
Company Tribunals In IBC
  • There are two company tribunals in the insolvency
    and bankruptcy (IBC) code, these are

NCLT
NCLAT
3
What Is NCLT?
  • NCLT is the short form of National Company Law
    Tribunal. This tribunal is the one that
    adjudicates the matters related to Insolvency and
    Bankruptcy.

4
What Are The Functions Of NCLT?
  • The functions of NCLT are as follows

5
Member Composition Of NCLT
  • There are three kinds of Members in the NCLT
  • Judicial Members
  • President
  • Technical Members

6
Judicial Members Of The NCLT
7
President Eligibility Of NCLT?
  • Should have been high court judge for 5 years.
  • Should be appointed on consultation from Chief
    Justice of India.

8
Technical Members Of NCLT
9
Members Eligibility Of NCLT
  • Chair Person of NCLAT The chair person should
    be a person who either is or has been the judge
    of the Supreme Court
  • Judicial Member of NCLAT The members should be
    the one who have been judges of the High Court or
    Judicial Member
  • Technical Member of NCLAT The members should
    have special knowledge and experience of more
    than 15 years in the matter of law, industrial
    finance administration.

10
What Is NCLAT?
  • NCLAT is the short form for National Company Law
    Appellate Tribunal. It is the tribunal that
    handles the appeals against the decision of NCLT.

11
What Are The Functions Of NCLAT?
  • The functions of NCLAT are as follows
  • Listening to appeals against NCLTs decision.
  • Correcting the errors that NCLT made.
  • Acting as an intermediate appellate forum for
    insolvent entities.
  • Being the tribunal that lies between NCLT and
    Supreme Court.

12
Members Of NCLAT
13
Members Eligibility Of NCLAT
  • Chair Person of NCLAT The chair person should
    be a person who either is or has been the judge
    of the Supreme Court.
  • Judicial Member of NCLAT The members should be
    the one who have been judges of the High Court or
    Judicial Member.
  • Technical Member of NCLAT The members should
    have special knowledge and experience of more
    than 15 years in the matter of law, industrial
    finance administration.

14
Difference Between NCLT And NCLAT
  • The differences between the true tribunals are as
    follows

NCLT (National Company Law Tribunal) NCLAT (National Company Law Appellate Tribunal)
It holds primary jurisdiction on cases of Insolvency and Bankruptcy. It holds appellate jurisdictions over the cases judged by NCLT.
NCLT accepts and analyzes the evidences from Creditors/debtors. NCLAT accepts and analyzes the decisions made by NCLT.
NCLT collects facts and evidences. NCLAT analyzes facts and evidences.
15
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