NCLT stated that a note has been circulating on the Whatsapp group saying that with effect from August 10, the tribunal will hear urgent matters until further notice.
The tribunal stated they did not issue any such notification, adding that it “has to be ignored as not valid.” Earlier in the day, the legal fraternity was taken aback by the notice that indicated NCLT would hear only urgent matters.
The now invalid notification stated that there is a shortage of members throughout NCLT benches that is amplified further with “members seeking leave on account of a health and personal reason.”
The acute shortage of members at NCLT prompted legal experts to believe that the tribunal may have issued such a notice.
The tribunal is operating with 50% strength following the retirement of several members. According to media reports, NCLT has 30 vacancies against a sanctioned strength of 63 members. Theis responsible for the timely appointment of NCLT members.
As many as 20,963 cases are pending before NCLT until May, per the response to a query in the. NCLT precedes over corporate resolution and insolvency process, personal insolvency and matters related to amalgamation and mergers of corporations.