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Question 7 of 15 · Constitutional & Statutory Bodies
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The principal bench of the National Company Law Tribunal (NCLT) is located in:

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Answer: Option A — New Delhi

Detailed Solution

The principal bench of the National Company Law Tribunal (NCLT) is located in New Delhi.

About the NCLT:

  • It is a quasi-judicial body that deals with disputes and matters relating to companies in India.
  • It was set up under the Companies Act, 2013, and was constituted on 1 June 2016.
  • It was set up on the recommendation of the Justice Eradi Committee on insolvency and winding up of companies.
  • It replaced the Company Law Board, the Board for Industrial and Financial Reconstruction (BIFR) and the Appellate Authority for Industrial and Financial Reconstruction (AAIFR).
  • It is headed by a President, who is a retired judge of a High Court or Supreme Court, and has judicial and technical members.
  • It has several benches across India, including at New Delhi (principal bench), Mumbai, Kolkata, Chennai, Ahmedabad, Bengaluru, Hyderabad, Guwahati, Chandigarh, Jaipur, Allahabad, Kochi, Cuttack, Amaravati and Indore.

Its functions:

  • It is the "Adjudicating Authority" for the insolvency resolution process of companies and limited liability partnerships under the Insolvency and Bankruptcy Code (IBC), 2016.
  • It hears cases on mergers and amalgamations, oppression and mismanagement of companies, winding up of companies, and the revival of sick companies.

Appeals:

  • Appeals against NCLT orders go to the National Company Law Appellate Tribunal (NCLAT), which is also in New Delhi (with a bench in Chennai).
  • Further appeals go to the Supreme Court.
  • NCLAT also hears appeals against orders of the competition regulator (CCI) and the Insolvency and Bankruptcy Board of India (IBBI).

Related bodies:

  • Insolvency and Bankruptcy Board of India (IBBI): the regulator under the IBC, set up on 1 October 2016.
  • Ministry of Corporate Affairs: the ministry responsible for the NCLT.

Why not the other options?

  • ✗Mumbai has an NCLT bench and is the headquarters of SEBI and the RBI.
  • ✗Kolkata has an NCLT bench.
  • ✗Chennai has an NCLT bench and an NCLAT bench.

Quick tip

Remember: NCLT principal bench = New Delhi (Companies Act 2013; constituted 1 June 2016; adjudicating authority under the IBC 2016); appeals to NCLAT (New Delhi), then the Supreme Court.

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Constitutional & Statutory Bodies — Preparation

This question tests your understanding of Constitutional & Statutory Bodies, a key topic in the General Knowledge section. The detailed solution above uses a step-by-step approach to show the reasoning, and where available, a shortcut that helps you solve similar questions in under 90 seconds during the actual exam.

This topic covers bodies set up under the Constitution, such as the Election Commission, UPSC, Finance Commission, Comptroller and Auditor General and the national commissions for Scheduled Castes and Scheduled Tribes, and statutory or executive bodies such as NITI Aayog, the NHRC, the CVC, the CBI and Lokpal. Questions often ask whether a body is constitutional or not, which article creates it, who appoints its head and for how long. For example, the CAG is appointed under Article 148, the Finance Commission under Article 280, and NITI Aayog replaced the Planning Commission in 2015 by an executive resolution. Practise the constitutional and statutory bodies questions below, written in the style of the general awareness sections of exams such as SSC, banking, railways, CUET GAT, MAH CET and CLAT. Each question comes with a detailed explanation that adds related facts, so every question helps you revise more than one point.

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