More than 9,000 cases are under consideration of the National Company law Tribunal (NClT), including over 2,500 cases of insolvency, according to the government.
“A total of 9,073 cases are under consideration in NClT as on January 31, 2018, including 1,630 cases of merger and amalgamation, 2,511 cases of insolvency and 4,932 cases under other sections of Companies Act,” Minister of State for Corporate Affairs PP Chaudhary told the Rajya Sabha.
The Company law Board was dissolved following the setting up of the NClT under the Companies Act, 2013.