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Supreme Court adjourns suo motu case on NCLT vacancies, infrastructure; says appointments process underway
The Supreme Court has postponed a hearing on NCLT member appointments and infrastructure. The court noted that the appointment process for tribunal members is currently underway. This suo motu case addresses significant delays in judicial and technical member appointments. It also covers concerns regarding inadequate infrastructure and the tribunal's disposal rate. The Supreme Court had previously expressed serious concern over pending resolution plan approvals.
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economictimes.indiatimes.com
Supreme Court adjourns suo motu case on NCLT vacancies, infrastructure; says appointments process underway
The Supreme Court has postponed a hearing on NCLT member appointments and infrastructure. The court noted that the appointment process for tribunal members is currently underway.…
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thehindubusinessline.com
Supreme Court defers hearing on NCLT appointments and infrastructure issues
The Supreme Court deferred hearing on the NCLT appointments case, citing ongoing recruitment, while continuing to examine infrastructure gaps and insolvency resolution delays.