NCLT Leadership Void Stalls Key Economic Functions
India’s National Company Law Tribunal (NCLT) is struggling to function due to a long-standing vacancy for its President. The Chief Justice of India’s office was asked for a recommendation in December 2025, but the appointment of a permanent president is still pending. This gridlock, made worse by a legal challenge against the interim president, highlights major systemic issues that weaken India’s insolvency framework. These delays stall critical decisions and add to existing problems, slowing corporate restructuring and economic recovery.
Presidential Vacancy Fuels Legal Disputes
The NCLT president’s office has been empty since Justice Ramalingam Sudhakar retired on February 13, 2026….