DAILY NEWS ANALYSIS

GS-III : Economic Issues Insolvency and bankruptcy act

13 September, 2021
7 Min Read

NCLT, ITAT get new members

Click here to read about the Insolvency and Bankruptcy Act and National Company Law Tribunal (NCLT) vs NCLAT.

The government has appointed 31 people as judicial, technical and accountant members at the NCLT and the ITAT, amid the Supreme Court flagging concerns about vacancies in various tribunals.
Click here to read about the Administrative tribunals in India.
The National Company Law Tribunal (NCLT) deals with matters mainly related to companies law and insolvency law, while the Income Tax Appellate Tribunal (ITAT) deals with income tax matters.
The appointments also come at a time when the Supreme Court has flagged concerns, saying the Centre was “emasculating” tribunals by not appointing officials to the quasi-judicial bodies that are facing a staff crunch.
There are around 250 posts lying vacant at various key tribunals and appellate tribunals such as the NCLT, the DRT, the TDSAT and the SAT.
As many as eight judicial and 10 technical members have been appointed to the NCLT while 13 judicial and seven accountant members have been appointed to the ITAT, according to separate communications issued by the Department of Personnel and Training on September 11 based on decisions taken by the Appointments Committee of Cabinet.
Andhra Pradesh High Court judge Justice Telaprolu Rajani, Bombay High Court retired judge Justice Pradeep Narhari Deshmukh, Madras High Court retired judge Justice S. Ramathilagam and District Court judge Deep Chandra Joshi are among those appointed as the judicial members to the NCLT.
The newly appointed technical members include Principal Commissioner of Income Tax Ajai Das Mehrotra, retired NHPC Chairman and Managing Director Balraj Joshi, retired Ministry of Panchayati Raj Secretary Rahul Prasad Bhatnagar, retired Principal Director General of Income Tax Subrata Kumar Dash, retired Department of Consumer Affairs Secretary Avinash K Srivastava and retired SBI Chief General Manager Shree Prakash Singh.
The appointments will be for five years from the date of assumption of charge or till attaining the age of 65 or until further orders.
Six judicial members have been appointed to the ITAT. They are advocates Sonjoy Sarma, S. Seethalakshmi and T.R. Senthil Kumar, Additional District and Sessions judges Shatin Goyal and Anubhav Sharma, and Law Officer in SBI Manmohan Das.
Besides, there are seven accountant members.
The appointments in the Income Tax Appellate Tribunal were for four years.

Source: TH

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