23 March 2020: In order to curb the outbreak of Coronavirus ( COVID-19 ), all the benches of the National Company Law Tribunal (NCLT ) will remain closed till March 31, 2020. The Chennai bench of National Company Law Tribunal (NCLT) will take up only urgent cases on intimation through Email. In the view of the lockdown announced by several state government and central government, the National Company Law Tribunal (NCLT) on March 22, 2020 issued a notice in the name of Registrar, Mr. Shiv Ram Bairwa. The notice was given assent by the Acting President of the National Company Law Tribunal (NCLT).
The subject matter of the notice pertains to the closure of all the benches of National Company Law Tribunal (NCLT) from March 23 to March 31. However, in cases of the urgent unavoidable matters the aggrieved party can file an application through Email to the Registry of the Chennai National Company Law Tribunal (NCLT).
As the financial year is about to end, for the purpose of the administrative work the skeletal staff has to attend the office whenever required as per the directions given by the Head of the Department (HOD). Apart from Skeletal staff, the other staff will stay at home and work from home. The other staff is directed to stay on the phone regularly.
The notice excluded Insolvency and Bankruptcy Code (IBC)-16 Matters extension of time, approval of plan and liquidation from being called as an urgent matter. These matters will be taken when the bench will resume its ordinary course of work, until then no such application will be entertained as an urgent matter.
Even in the case of urgent matters the parties will not be allowed to enter into the premises of the National Company Law Tribunal (NCLT) for the purpose of making the oral submission
Categories: India Bankruptcy