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    <title>Finance Minister Smt. Nirmala Sitharaman inaugurates the Chennai Bench of National Company Law Appellate Tribunal</title>
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    <description>The Government established the NCLAT Chennai Bench with two designated Members and assigned it jurisdiction over appeals from NCLT benches for Karnataka, Tamil Nadu, Kerala, Andhra Pradesh, Lakshwadeep and Puducherry; the New Delhi seat is designated the Principal Bench. The measure, together with five new NCLT benches, aims to increase tribunal capacity, reduce travel burdens, shorten timelines and promote speedier disposal of corporate insolvency and company law appeals, supported by continued virtual operations and a reported high disposal rate under the Insolvency and Bankruptcy Code framework.</description>
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