NCLAT Chennai Bench to start functioning through virtual mode from Monday

From 25th January Monday the National Company Appellate Law Tribunal i.e. NCLAT Chennai will start functioning through virtual platforms. This has taken place after the notification made by the Central Government last March. This issued notification also dealt with the issue of NCLT’s jurisdiction in Karnataka, Tamil Nadu, Kerala, Andhra Pradesh and Telangana and Union Territories of Lakshadweep and Puducherry. It stated that from 25th January onwards all appeals regarding the jurisdiction issue would have to be taken up in front of the NCLAT Chennai along with the interlocutory applications. This development follows various petitions before the Madras High Court and the Supreme Court that opposes the delay in setting up of NCLAT Chennai, considering the Supreme Court had given instructions in December 2019, for its establishment within the period of six months while delivering the judgement in the Swiss Ribbons case. Union Finance Minister Nirmala Sitharaman, Minister of State for Finance and Corporate Affairs Anurag Singh Thakur and NCLAT Acting Chairperson Bansi Lal Bhat are to be present at the inauguration of the NCLAT Chennai that will be held virtually on Monday afternoon.

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