#NCLT status since its introduction
More than 9,000 cases are under consideration of the National Company Law Tribunal (#NCLT), including over 2,500 cases of insolvency, according to the government.
A total of 9,073 cases are under consideration in NCLT as on January 31, 2018:-
1,630 cases of merger and amalgamation,
2,511 cases of insolvency; and
4,932 cases under other sections of Companies Act.
Minister of State for Corporate Affairs P P Chaudhary told the #RajyaSabh.
The Company Law Board was dissolved following the setting up of the NCLT under the Companies Act, 2013.
"Systems and procedures, including electronic/ information technology systems are being used on extensive basis to ensure quick disposal of cases," said Mr. Chaudhary.
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