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        Corp. Laws, SEBI & IBC

        9,073 cases are under consideration in NCLT, including 1,630 cases of Merger and Amalgamation; 2,511 cases of insolvency and 4,932 cases under other sections of Companies Act

        March 14, 2018

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        The Company Law Board (CLB) set up under Companies Act 1956 stands dissolved with the setting up of National Company Law Tribunal (NCLT). As on 12.03.2018, only one case under section 55(3) of the Companies Act, 2013 is pending before the NCLT.

        A total of 9,073 cases are under consideration in NCLT as on 31.01.2018, including 1,630 cases of Merger and Amalgamation, 2,511 cases of insolvency and 4,932 cases under other sections of Companies Act.

        All efforts are being taken to dispose off the cases as per the time limits laid down in the Companies Act, 2013 and the Insolvency and Bankruptcy Code, 2016. Systems and procedures including electronic/Information Technology systems are being used on extensive basis to ensure quick disposal of cases.

        This was stated by Shri P.P. Chaudhary, Minister of State for Corporate and Law & Justice in Rajya Sabha.

        Corporate adjudication caseload: managing pending merger, insolvency and company proceedings using time-bound disposal and IT systems. Dissolution of the predecessor corporate adjudicatory forum has left a consolidated tribunal with a substantial caseload spanning merger and amalgamation matters, insolvency petitions and other company-act cases. Administrative emphasis is on meeting statutory timeframes under the Companies Act and the Insolvency and Bankruptcy Code through procedural reforms and extensive use of electronic information and case-management systems to expedite disposal.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Corporate adjudication caseload: managing pending merger, insolvency and company proceedings using time-bound disposal and IT systems.

                                Dissolution of the predecessor corporate adjudicatory forum has left a consolidated tribunal with a substantial caseload spanning merger and amalgamation matters, insolvency petitions and other company-act cases. Administrative emphasis is on meeting statutory timeframes under the Companies Act and the Insolvency and Bankruptcy Code through procedural reforms and extensive use of electronic information and case-management systems to expedite disposal.


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