After a long delay, the NCLAT bench at Chennai will start functioning virtually from Monday, January 25. Central Government notified the establishment of the NCLAT bench at Chennai after the Supreme Court judgment in the Swiss Ribbons Case in December 2019 and ordered the government to establish a bench at Chennai.
The bench will have jurisdiction over the states of Karnataka, Tamil Nadu, Kerala, Andhra Pradesh and Telangana, and Union of Territories Puducherry and Lakshadweep. All the fresh appeals filed against the order of the National Company Law Tribunals in this jurisdiction will be heard by the new bench at Chennai.
National Company Law Appellate Tribunal was established by the Central Government under Section Section 410 of the Companies Act, 2013. The tribunal was having only 1 bench which was having jurisdiction over the whole of India. Bansi Lal Bhat is the acting chairperson of the NCLAT.