Tribunals redefine commercial justice in India: NCLAT chief

The National Company Law Tribunal and National Company Law Appellate Tribunal have reshaped commercial justice in India. These bodies, established in June 2016, marked a significant change. The Insolvency and Bankruptcy Code introduced a new approach to resolving company debts. This system prioritizes creditors and sets strict deadlines for resolution. These tribunals have fundamentally altered how commercial disputes are handled.

Raccontata daeconomictimes.indiatimes.com