Govt mulls substantially expanding NCLAT strength to speed up insolvency, M&A appeals

The government is reportedly considering a proposal to increase the number of members in the National Company Law Appellate Tribunal (NCLAT) from the current 12 (including the chairman) to 20. This move is intended to expedite the resolution of appeals in cases related to insolvency, mergers and acquisitions, and antitrust matters, reflecting the need for a robust dispute resolution system as the economy expands rapidly.

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