Question of The Day18-03-2020

Recently, who has been appointed as the officiating chairperson of NCLAT?


Correct Answer : c ) Bansi Lal Bhat

Explanation :

Recently the central government has appointed Justice (Retd.) Bansi Lal Bhat as the officiating chairperson of NCLAT.

He has taken charge for a period of 3 months or until a regular chairperson is appointed, whichever is earlier.  

National Company Law Appellate Tribunal (NCLAT):

  • NCLAT was formed under Section 410 of the Companies Act, 2013 to hear the cases appealed against the ruling of the National Company Law Tribunal (NCLT) w.e.f 1 June 2016.
  • It also hears the appeals against the orders passed by IBBI and Competition Commission of India.

National Company Law Tribunal (NCLT):

  • The National Company Law Tribunal adjudicates issues related to Indian companies.
  • It is a quasi-judicial body and was founded on 1 June 2016.
  • Its headquarters is in New Delhi.

Prashant Kumar has been appointed as the new MD and CEO of the Yes Bank.

Hence, c is the correct answer.

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