Know the Meaning and Difference between NCLT and NCLAT PPT

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NCLT (National Company Law Tribunal) NCLAT
(National Company Law Appellate Tribunal)

• Presented By
• Registrationwala

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Company Tribunals In IBC

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

NCLT
NCLAT
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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.

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What Are The Functions Of NCLT?

• The functions of NCLT are as follows

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Member Composition Of NCLT

• There are three kinds of Members in the NCLT
• Judicial Members
• President
• Technical Members

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Judicial Members Of The NCLT
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President Eligibility Of NCLT?

• Should have been high court judge for 5 years.
• Should be appointed on consultation from Chief
  Justice of India.

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Technical Members Of NCLT
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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.

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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.

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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.

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Members Of NCLAT
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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.

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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.
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