September 25, 2021

The World Live Breaking News Coverage & Updates IN ENGLISH

The World Live Breaking News Coverage & Updates IN ENGLISH

Days after SC rap, govt okays NCLT & ITAT appointments

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Days after SC rap, govt okays NCLT & ITAT appointments
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Days after SC rap, govt okays NCLT & ITAT appointments
Days after SC rap, govt okays NCLT & ITAT appointments

NEW DELHI: The government on Saturday approved the appointment of 18 members in the National Company Law Tribunal (NCLT) and another 13 were appointed as members of the Income Tax Appellate Tribunal (ITAT), filling up vacancies in two important tribunals after a wait of several months.
The appointments come just days after an Supreme Court bench, headed by Chief Justice NV Ramana, pulled up the Centre for delaying the filling of vacancies in Tribunals. It had even warned of contempt proceedings if the appointments were not done in a week.
Keen to avoid further confrontation, the government appointed eight judicial members and 10 technical members in the NCLT for five years or till the age of 65 years. In addition, it has also approved the appointment of four judicial members in the ITAT, besides two in SC and OBC categories and seven accountant members.
The eight judicial members appointed in the NCLT are retired high court judges, including Justices Telaprolu Rajani of Andhra Pradesh HC, Pradeep Deshmukh of Bombay HC, S Ramathilagam of Madras HC, Harnam Singh, presiding officer of DRT, Delhi and Harnam Singh Thakur, retired registrar of Punjab & Haryana HC.
With over half the 62 sanctioned strength in NCLT lying vacant, cases have begun piling up in the tribunal that deals with matters related to bankruptcy, Companies Act and Competition Law. According to latest data, it is now taking almost 600 days to clear insolvency cases from the time of admission against the maximum permissible 270 days under the law.
The four judicial members appointed to the ITAT include advocates Sonjoy Sarma, S Seethalakshmi; and additional district & session judges Shatin Goyal and Anubhav Sharma. T R Senthil Kumar, advocate, has been appointed as judicial member in the OBC category, while Manmohan Das, law officer, has been appointed in the SC category in the ITAT.
In the unreserved category, five chartered accountants have been appointed as accountants members in the ITAT.

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