The government has extended the tenure of the Acting President of the National Company Law Tribunal (NCLT) BSV Prakash Kumar for one month.
The Ministry of Corporate Affairs (MCA) in a notification announced extending BSV Prakash Kumar's tenure as Acting President for one more month with effect from July 5.
This is the second extension of BSV Prakash Kumar, who was appointed as Acting President of NCLT for a period of three months from January 5 after the retirement of Justice MM Kumar as NCLT President.
The government in April had extended the tenure of BSV Prakash Kumar for three months. This was up to July 5 and now it has been again extended for a month.
Presently, hearing of All NCLT benches across India is closed due to the coronavirus pandemic.
NCLT was set up under section 408 of the Companies Act, 2013, on June 1, 2016.
Besides a Principal Bench at New Delhi, it has fourteen other benches across India in cities which includes Ahmadabad, Allahabad, Bengaluru, Chandigarh, Chennai, Guwahati, Hyderabad, Kolkata, Mumbai, Cuttack, Jaipur, Kochi , Amravati, and Indore.
