NCLT transfers 3 more members with immediate effect

NEW DELHI: The National Company Law Tribunal (NCLT) has transferred three more members to different benches across the country with immediate effect.nnOn April 30, it had transferred eight members as part of an organisational reshuffle.nnAccording to a notification issued by the NCLT Registrar on Tuesday, the new list comprises three judicial members.nnThe members shall move to their new stations of posting, after lockdown restrictions on movement are withdrawn by the central government and the respective state governments,” the notification said.nnThe tribunal has a strength of 23 judicial members including its Acting President. Besides, it has 25 technical members, as per NCLT website.nnLast week, it cancelled the scheduled summer vacation for all its benches.nnPresently, hearing of all NCLT benches is closed due to the lockdown. NCLT is hearing only urgent matters through video-conference.nnLast month, the government extended the tenure of NCLT’s Acting President BSV Prakash Kumar for another three months.nnNCLT was set up under section 408 of the Companies Act, 2013 on June 1, 2016.nnBesides the Principal Bench at New Delhi, it has 14 other benches in Ahmedabad, Allahabad, Bengaluru, Chandigarh, Chennai, Guwahati, Hyderabad, Kolkata, Mumbai, Cuttack, Jaipur, Kochi, Amravati, and Indore.nnSource: Press Trust of India