NCLT Lawyers in Ahmedabad | DRT Lawyers in Ahmedabad
The National Company Law Tribunal is a quasi-judicial body in India that adjudicates issues relating to Indian companies. Issue related to company, Finance, bankruptcy, Creditors, Debtors, Secured Loan, unsecured loan and many more fall in to the IBC- Known as The Insolvency and Bankruptcy Code, 2016. Some disputes of IBC fall in to the DRT Tribunal- Debt Recovery Tribunal, DRAT Tribunal- Debt Recovery Appellate Tribunal, NCLT tribunal- National Company Law Tribunal, NCLAT Tribunal- National company Law Appellate Tribunal.
The central government has constituted NCLT under section 408 of the companies act 2013 (18 of 2013) w.e.f 01/06/2016. In the first face the ministry of corporate affairs have set up eleven benches, one principal bench at New Delhi and ten benches at New Delhi, Ahmedabad, Bengaluru, Chandigarh, Chennai, Guwahati, Hyderabad, Kolkata and Mumbai, These benches headed by the president and 16 judicial members and 09 Technical members at different locations, Subsequently more members have joined and benches at Cuttack, Jaipur, Kochi, Amravati and Indore have been setup.
The NCLAT functions at a strength of 5 Courts, 4 at the Principal bench in new Delhi. The NCLT functions at a strength of 16 Benches including the Principal Bench in New Delhi. The NCLT and NCLAT are the judicial tribunals that exercise the jurisdictions previously vested on the High Courts.
The DRT tribunals are located in 39 places in India and DRAT Tribunals are located in 5 places in India, they are; Mumbai, Delhi, Kolkata, Allahabad and Chennai.
Basically, NCLT Tribunal and NACLAT Tribunal is taken care of issues like financial and operational creditors, debtors and liquidation related disputes of the company and many more issues related to companies act. In other words, Insolvency applications against the corporate persons who owes a debt to some creditors and defaults in making the payment to the creditors (financial or operational) shall be filed in the NCLT.
Advocate Paresh M Modi is a famous (National Company Law Tribunal) NCLT Lawyer in Ahmedabad Gujarat as well as DRT Lawyer in Ahmedabad Gujarat. Advocate Paresh M Modi is also Company Law Lawyer in Gujarat having experience and expertise in companies Act and business and Corporate Laws. He is the Best Lawyer near me for Civil Criminal and Family Matter in Ahmedabad, Gujarat. Now Call or WhatsApp SMS and book the Appointment Of Advocate Paresh M Modi, Mobile: 9925002031