House panel laments 'infra gaps' at NCLT

IN OVER NINE years, the National Company Law Tribunal (NCLT) has made significant strides, but the rising backlog of cases is undermining its efficiency and its objective of swift corporate dispute resolution, the standing committee on finance said in its latest report.

- MANU KAUSHIK

The committee further said that the budget allocations for NCLT have steadily increased from ₹52.15 crore in FY20 to ₹89.36 crore in FY23 but there was a marginal reduction in budget estimates for FY25 — to ₹89.31 crore — which is potentially limiting operational enhancements.