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The National Company Law Tribunal (NCLT) is a quasi-judicial body in India that adjudicates issues relating to Indian companies. [1] The tribunal, established under the Companies Act 2013, was constituted on 1 June 2016 by the government of India and is based on the recommendation of the V. Balakrishna Eradi committee on law relating to the insolvency and the winding up of companies.
The National Company Law Appellate Tribunal (NCLAT) is a tribunal which was formed by the Central Government of India under Section 410 of the Companies Act, 2013.The NCLAT was formed as a body with an appellate jurisdiction at the same time when NCLT was established as a major reform as per powers granted to the Ministry of Corporate Affairs in India.
The board can take other actions including changes to management, amalgamation of the sick unit with a healthy one, sale or financial reconstruction. [4] The Board can recommend a sick industrial company for winding up. [12] The BIFR was intended to bridge the legal gap between sickness and revival.
The plea for insolvency was submitted by company on 23 January 2017. The resolution plan was submitted to NCLT within a period of 180 days as required by the code, and the approval for the same was received on 2 August 2017 from the tribunal. The final order was uploaded on 14 August 2017 on the NCLT website. [5]
Date/Time Thumbnail Dimensions User Comment; current: 17:34, 4 January 2021: 1,275 × 1,650, 16 pages (253 KB): TE(æ)A,ea. {{Information |Description=“Recall of Legislators and the Removal of Members of Congress from Office,” by Jack Maskell for the Congressional Research Service. |Source=“Recall of Legislators and the Removal of Members of Congress from Office,” by Jack Maskell for ...
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An Operation Order, often abbreviated to OPORD, is a plan format meant to assist subordinate units with the conduct of military operations.An OPORD describes the situation the unit faces, the mission of the unit, and what supporting activities the unit will conduct in order to achieve their commander's desired end state.