Supreme Court slams NCLT, NCLAT for defying its orders; frowns upon political appointments

The Court noted that members appointed to these tribunals often lack the domain knowledge required to appreciate complexities involved in high-stake insolvency matters.
Supreme Court, NCLT, NCLAT
Supreme Court, NCLT, NCLAT
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The Supreme Court on Thursday took strong exception to the shortcomings in the functioning of National Company Law Tribunals (NCLTs) and National Company Law Appellate Tribunal (NCLAT), particularly their growing tendency to disregard the orders and directions passed by the Supreme Court.

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