The National Company Law Tribunal’s ( NCLT ) inability to fill judge and technical posts has a detrimental impact on the prompt resolution of cases under the Insolvency and Bankruptcy Code (IBC). This problem has persisted and runs counter to the IBC’s main goal of offering quick settlement for corporate insolvency.
An Advocate named Y. Balachander Reddy filed an application for the Right to Information [RTI], which uncovered the ongoing problem of unfilled judicial and technical positions, especially within the NCLT, which is crucial in deciding possible corporate disputes and insolvency matters under the Insolvency and Bankruptcy [IBC] framework.
The number of open positions is concerning and could have an…