Evolution Of Law Of Corporate Insolvency [PART -II] Formation Of NCLTs And Evolution Of Insolvency Jurisprudence – Live Law

Law Commission of India vide its 124th Report[1],  while highlighting the issues of multiplicity of jurisdictions with High Courts, pendency of cases, multiplicity of stages of appeal/ review/ revision under the Code of Civil Procedure, and need of having specialized bodies to deal with specialized matters, recommended for setting up of specialized Tribunals. This paved…