https://www.taxtmi.com/article/detailed?id=6265 Constitutional validity of the NCLT and NCLAT is affirmed, but the Companies Act, 2013 contains provisions reproducing defects-relating to judicial and technical member qualifications, tenure, suspension, bench composition and selection committee structure-that undermine judicial independence. The Court invalidated specific provisions and directed legislative amendment to ensure judicial predominance in composition and a Selection Committee structure that preserves a decisive judicial voice, so the tribunals may operate constitutionally after corrective statutory changes. en-us Tue, 19 May 2015 00:07:17 +0530 Tue, 19 May 2015 00:07:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6265 Constitutional validity of the NCLT and NCLAT is affirmed, but the Companies Act, 2013 contains provisions reproducing defects-relating to judicial and technical member qualifications, tenure, suspension, bench composition and selection committee structure-that undermine judicial independence. The Court invalidated specific provisions and directed legislative amendment to ensure judicial predominance in composition and a Selection Committee structure that preserves a decisive judicial voice, so the tribunals may operate constitutionally after corrective statutory changes. Articles Corporate Laws / IBC / SEBI Tue, 19 May 2015 00:07:17 +0530 https://www.taxtmi.com/article/detailed?id=6265