https://www.taxtmi.com/caselaws?id=426312 The Court held that the notification prescribing a three-year term for National Company Law Tribunal (NCLT) Members was inconsistent with the Companies Act 2013, which mandates a five-year term. Despite this, the Court declined to extend the tenure of Members who did not challenge the term, as new appointments were in progress. The Court upheld the extension of tenure for eight Members until they reach 65 years. The petition was disposed of, and pending applications were dismissed. en-us Mon, 01 Aug 2022 00:00:00 +0530 Sat, 13 Aug 2022 08:04:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426312 The Court held that the notification prescribing a three-year term for National Company Law Tribunal (NCLT) Members was inconsistent with the Companies Act 2013, which mandates a five-year term. Despite this, the Court declined to extend the tenure of Members who did not challenge the term, as new appointments were in progress. The Court upheld the extension of tenure for eight Members until they reach 65 years. The petition was disposed of, and pending applications were dismissed. Case-Laws Companies Law Mon, 01 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426312