NCLT (National Company Law Tribunal)

The National Company Law Tribunal (NCLT) is a quasi-judicial body in India that handles disputes related to companies and corporate affairs. It resolves issues related to insolvency, mergers, and company registrations, among others. Established under the Companies Act of 2013, it aims to streamline corporate governance and protect the interests of stakeholders. The NCLT has the authority to adjudicate matters involving financial distress and can approve or reject restructuring plans for companies in difficulty. Essentially, it serves as a specialized court for dealing with corporate-related legal matters.