The Supreme Court on Thursday criticized the ministry of corporate affairs (MCA) over its handling of the National Company Law Tribunal (NCLT), observing that the ministry had “completely hijacked” its administration, undermining the tribunal’s autonomy and affecting its functioning.
“We are compelled to observe that this has been completely hijacked by the ministry of corporate affairs. That is the problem. And that is impinging on the autonomy of the institution,” Chief Justice of India Surya Kant said.
“The ministry wants to have a complete grip over the institution. And that’s what’s most unfortunate,” the bench added.
The observations came during a hearing of suo motu proceedings examining administrative shortcomings…