About NCLT Proceedings

NCLT Practice is defined as the proceedings and procedures before the National Company Law Tribunal, India. As constituted under the Companies Act 2013, the NCLT is a specialized tribunal with jurisdiction over several kinds of corporate and commercial disputes.

NCLT practice involves a great deal of depth of knowledge about company law, insolvency and bankruptcy law, and many other relevant legal frameworks. Specialist practitioners in matters concerning NCLT must, therefore, be strong, analytical, and research-oriented, with meticulous details and the capability to navigate highly complex legal and procedural issues.

The key areas of NCLT practice involve:
  • Insolvency and Bankruptcy Proceedings: Passing orders on resolution plans involving winding up, initiating insolvency proceedings, appointment of resolution professionals, and overseeing the corporate insolvency resolution process.
  • Company Law Matters: The sale of shares (open or by invitation, transfer of shares, strikes, tenders, oppression, mismanagement (B, corporations), miscellaneous.
  • Mergers and Acquisitions: Orders relating to schemes of arrangement, merger, demerger, and other M&A-related restructuring transactions. OR.
  • Winding-up Proceedings: Handling applications for the winding up of companies under various grounds.
  • Other Matters: Other varieties of corporate and commercial disputes are coming into its purview.

Such practice under NCLT calls for a comprehensive knowledge of the Companies Act, 2013, the Insolvency and Bankruptcy Code, 2016, and the corresponding rules and regulations. The practitioner needs to remain updated with the gradual unfolding jurisprudence of NCLT and the NCLAT for the purpose of effectively navigating the disputes of clients in the sheer complexity of proceedings.

The NCLT plays a seminal role in the Indian corporate landscape as it stands for a peculiarly specialized forum for the resolution of complex corporate disputes, thereby ensuring the efficient and effective resolution of insolvency matters.

Why Choose GSLO?

Our NCLT Practice at GSLO forms a robust platform for businesses younger navigating complex corporate disputes. With a wealth of experience, our legal professionals possess strategic insight in representing companies in complex legal matters through effective representation and tailored solutions.

  • Expertise in NCLT Matters

    The legal team we have assembled is skilled enough to comprehend the entire NCLT case law and the procedural laws applied by the tribunal, corporate regulations, and the multi-jurisdictions on which the dispute is based. Thus, they shall be able to address the matter accordingly.

  • Strategic Legal Solutions

    Our consultancy is engaged in providing legal advice to clients for restructuring, insolvency, and complex matters before the NCLT achieved by the help of our well-structured legal strategies allowing them to successfully reach a determination.

  • Client-Focused Approach

    Apart from our legal work, we make all efforts to cooperate with clients in their unique challenges and we design solutions that can fit their needs without problems.

  • Transparent and Effective Representation

    We talk to our clients the way they understand, we engage in thorough preparation for the defense of each case and we persistently advocate for their support during the NCLT proceedings which leads us into our clients’ winning sides.

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Services Included in NCLT Practice

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Corporate Disputes Resolution

GSLO is an expert in NCLT and has the legal solutions to corporate disputes. Our tactical model achieves justice through legal interventions which save time, costs, and energy and develop company stability and avert the disruption of commerce.

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Insolvency Proceedings

We provide a comprehensive solution to insolvency matters in NCLT with consultation and representation. Besides that, we make the business not only being up-to-date with the legal procedures but also come up with the most optimized solutions like recovery and restructuring strategies for a healthier business environment which paves the way for the future of the company.

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Restructuring and Reorganization

We give legal support for the restructuring and reorganization of companies, our strategic advice, and representation are the rights and obliges of the company. We come alongside the managers to give them efficiency in the business, abiding by the rules and executing growth are some of the standard practices that take into account their financial strength and the strategic plans put in place.

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Shareholder Disputes

GSLO has impressive expertise in resolving shareholder disputes using legal interventions. The method we use is a formalistic way that involves the signing of a treaty of agreement by all stakeholders that specifies the rights that have to be respected and contributions that all are to make towards smooth corporate governance yet minimizing the degrees of conflicts.

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Compromise and Arrangements

We are the lawyers who help the company in the matters of compromise and arrangement. During negotiations, we help in getting to a compromising decision that not only takes care of the company’s business needs but also develops partner relations and mutual benefit. The law will serve as a reference point for the parties, but due to the nature of the negotiation, a fair and balanced agreement will be reached in the presence of all the interested parties.

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Winding-Up Petitions

Our team is comprised of subject matter experts in winding-up petitions, who have hands-on experience in the industry. We are committed to ensuring that the procedure codified is strictly followed and our clients’ rights are effectively represented at the NCLT. We work hard to obtain a settlement with the minimum loss, a liquidation, or creative solutions like ADR (alternative dispute resolution) depending on the case.

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NCLT Practice FAQs: Your Ultimate Guide

As always, we are here to help you get off to a strong start. Below you will find a list of essential FAQs designed to give you a better understanding of NCLT Practice.

  • What is the National Company Law Tribunal (NCLT)?

    The NCLT acts as a quasi-judicial authority in India and deals with such corporate legal matters as insolvency cases, shareholder disputes, mergers, and corporate reorganizations under the Companies Act, 2013 and the Insolvency and Bankruptcy Code (IBC), 2016.

  • When should a company approach the NCLT?

    NCLT is a platform for a company if it needs to address insolvency proceedings, shareholder disputes, corporate restructuring, oppression, and mismanagement claims, mergers, and acquisitions, and winding-up petitions.

  • What types of cases does NCLT handle?

    NCLT deals with cases related to, Corporate disputes like shareholder conflict, insolvency and bankruptcy proceedings, Corporate restructuring and reorganization, oppression and mismanagement cases, Mergers, demergers, and compromise arrangements Winding-up petitions.

  • What is the role of NCLT in insolvency and bankruptcy matters?

    Under the Insolvency and Bankruptcy Code (IBC), 2016, NCLT is the main decision-making body when it comes to the insolvency resolution proceedings of the corporation, the liquidation cases, and the corporate debt restructuring by adjudicating the claims and approving the resolution plans.

  • How can NCLT help resolve shareholder disputes?

    It allows for shareholder disputes to be processed legally, including in cases of oppression and mismanagement; this is where NCLT steps in. It ensures that the minority owners' rights are done correctly, and at the same time, they do not just take part in decision-making. They are fairly represented.

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