• The Supreme Court remarked that the Ministry of Corporate Affairs has “completely hijacked” the National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT).
• The observation was made while hearing a petition filed by contractual employees working in the NCLT and NCLAT.
• A bench comprising Chief Justice Surya Kant, Justices Joymalya Bagchi and V. Mohana stressed that the NCLT president must be allowed to administer the institution independently.
• The court’s remarks came amid concerns over the ministry’s decision to outsource recruitment of administrative personnel at the NCLT to a private company.
• It indicated that the authority to appoint personnel should rest with the NCLT…