Supreme Court Says Ministry Has Hijacked Company Law Tribunals
The Supreme Court says the corporate affairs ministry has hijacked the NCLT and NCLAT. These bodies hear company law disputes. Both are tribunals, meaning special bodies that decide specific types of cases.
Context
Context: The National Company Law Tribunal handles company disputes such as insolvency and mergers, while NCLAT hears appeals against its orders. The Supreme Court is the country's top court, so its remarks carry weight in such matters.
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