SC issues notice to Centre over vacancies in Debt Recovery Tribunals, ET LegalWorld
The Supreme Court on Monday issued notices to the Ministry of Finance on a PIL highlighting critical vacancies in Debt Recovery Tribunals (DRTs) across India. A bench comprising Chief Justice Sanjiv Khanna and Justice Sanjay Kumar heard the submissions of senior advocate KB Sounder Rajan along with lawyer Sudarshan Rajan, appearing for PIL petitioner Nischay […]
19 Vacancies stall insolvency resolutions and recovery efforts, ET LegalWorld
The National Company Law Tribunal (NCLT) is grappling with significant operational hurdles, with 19 out of 63 sanctioned positions, including the president, remaining unfilled. The recent retirement of 11 members at the end of September has exacerbated the situation, adding to the existing eight vacancies. These issues have been highlighted in a report by the […]