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Vacancies, staffing shortages, structural risks and delayed insolvency cases expose institutional strain
The Supreme Court’s sharp observations on Thursday that the Ministry of Corporate Affairs (MCA) had “completely hijacked” the administration of the National Company Law Tribunal (NCLT) have brought the functioning of India’s corporate adjudication system under scrutiny, with the tribunals facing vacancies among judicial and technical members, a shortage of administrative personnel, mounting case pendency and questions over the professional backgrounds of those appointed to adjudicate corporate disputes.
A three-judge Bench headed by Chief Justice of India Surya Kant and comprising Justices Joymalya Bagchi and V…