“As the strength of the members of the NCLT and NCLAT is depleting which would be detrimental to the smooth functioning of the Tribunals, we direct the Government to complete the process at the earliest and not later than two months,” the apex court said in the order.
Petitions filed in SC seeking extension of NCLT judges
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Synopsis
The dedicated insolvency courts are already witnessing an acute shortage of judges. The Supreme Court Monday listed the matter for hearing on May 31 as the apex court accorded two weeks to the Centre to complete the process of selection of judges to NC
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Half a dozen members will be completing their tenure of five years in May and June this year.
At least three petitions have been filed at the Supreme Court and the Madras High Court seeking extensions for the National Company Law Tribunal judges retiring in the next few weeks. The proposed extensions are aimed at preventing bankruptcy cases from piling up.