Daily
250 words
5/10
Rating

3 September 2026

Essel Group insolvency case

The topic concerns the procedural functioning and jurisdictional limits of the NCLT, which is a statutory quasi-judicial body relevant to the study of administrative law and institutional mechanisms.

1 min read 1 questions 1 prelims

Notes

  • Subhash Chandra (Essel Group Chairman) has challenged the constitution of a five-member bench by the National Company Law Tribunal (NCLT) in his personal insolvency case.
  • The core legal contention is whether the NCLT possesses the statutory power to constitute a bench comprising five members.
  • The matter is currently being heard by the National Company Law Appellate Tribunal (NCLAT).
  • The legal representative for the petitioner has characterized the NCLT's order to form the bench as faulty and beyond the tribunal's jurisdiction.

Questions

  1. Discuss the composition and jurisdictional powers of the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code (IBC), 2016. How does the appellate mechanism under the NCLAT ensure judicial oversight in insolvency proceedings? 150 words
    Attempt this — 150 words in 8 min
    0 / 150 words 8:00

Prelims

  1. Which of the following bodies is the appellate authority for orders passed by the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code, 2016?

Syllabus

Topics

Sources

250words.in · https://250words.in/daily/2026-09-03/essel-group-insolvency-case