India’s National Company Law Tribunal (NCLT) in New Delhi, the principal forum for insolvency resolution and corporate disputes, is facing what lawyers describe as an “unprecedented breakdown” of judicial functioning, as unsafe infrastructure has forced multiple courtrooms to shut and proceedings to be drastically curtailed.
The crisis came to a head this week when the 8th floor of Block 3 at the CGO Complex—home to three NCLT courtrooms—was declared unsafe due to severe roof seepage. With Court Nos. IV, V and VI out of action, the tribunal has been forced into a half-day schedule, operating only three of its six…