Question
As per Company Law 2013, the corporate disputes are handled by the:
This question was previously asked in
RRB NTPC 2019 CBT 1 Question Paper (8-Mar-2021) (Shift 2)
The correct answer is
NCLT
Handling Corporate Disputes Under Company Law 2013
The Companies Act, 2013 established specific bodies to handle matters related to corporate disputes more efficiently.
Role of NCLT in Corporate Disputes
The National Company Law Tribunal (NCLT) is the designated authority for resolving corporate disputes in India as per the Company Law 2013.
- The NCLT was set up to adjudicate issues concerning companies, including mergers, amalgamations, oppression, and mismanagement.
- It replaced multiple other forums, consolidating jurisdiction over company law matters.
- Key provisions of the Company Law 2013 empower the NCLT to handle specific cases previously dealt with by High Courts or Company Law Boards.
Therefore, for corporate disputes governed by the Company Law 2013, the NCLT is the competent body.
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