NCLT

Why it matters

• Provides a specialized forum for the resolution of corporate disputes, reducing the burden on traditional civil courts.
• Functions as the adjudicating authority for the Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code.
• Ensures speedy disposal of cases related to mergers, amalgamations, and winding up of companies to improve the ease of doing business.

How it is asked

Focus on the appellate mechanism (NCLAT), the distinction between its role in corporate insolvency versus individual bankruptcy, and its impact on the resolution of stressed assets in the banking sector.