https://www.taxtmi.com/article/detailed?id=6570 The Court upheld constitution of NCLT and NCLAT but declared certain appointment and selection provisions invalid, directing corrective amendments. Technical members must possess specialised professional experience and standing comparable to judicial standards, and the selection committee must follow the Court-prescribed composition to safeguard independence. The tribunal's contempt power was sustained and rights to broader professional representation were affirmed; the government must amend statutory provisions through parliament and obtain presidential assent before full implementation. en-us Thu, 10 Dec 2015 08:26:53 +0530 Fri, 22 Jun 2018 17:22:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6570 The Court upheld constitution of NCLT and NCLAT but declared certain appointment and selection provisions invalid, directing corrective amendments. Technical members must possess specialised professional experience and standing comparable to judicial standards, and the selection committee must follow the Court-prescribed composition to safeguard independence. The tribunal's contempt power was sustained and rights to broader professional representation were affirmed; the government must amend statutory provisions through parliament and obtain presidential assent before full implementation. Articles Corporate Laws / IBC / SEBI Thu, 10 Dec 2015 08:26:53 +0530 https://www.taxtmi.com/article/detailed?id=6570