Understanding NCLT: A Guide for Businesses and Individuals

What Is the NCLT?

The National Company Law Tribunal (NCLT) is a quasi-judicial body established under the Companies Act, 2013. It handles disputes related to companies, their operations, management, and insolvency.

It acts as a single, central authority for several matters that were earlier spread across multiple courts and boards, offering a streamlined and efficient process.

Who Can Approach the NCLT?

Depending on the issue, the following may file applications or petitions:

• Companies
• Shareholders
• Creditors
• Employees
• Insolvency professionals
• Government authorities

Each category must meet the eligibility criteria defined under relevant laws.

How ONEISOK Supports You

At ONEISOK, we help simplify the NCLT-related process by providing:

• General guidance on NCLT procedures
• Information on required documents
• Basic understanding of insolvency and company law processes
• Support in preparing documentation and organizing information
• Process clarity before consulting legal or financial professionals

Conclusion

The NCLT plays a vital role in India’s business framework by ensuring swift and fair resolution of corporate and insolvency matters. Understanding its structure and functions can help companies, creditors, and individuals navigate corporate challenges more effectively.

At ONEISOK, our goal is to make these processes clearer, simpler, and more accessible for everyone.