Skip to main content

NCLAT

Dear friends

NCLAT benches within next 6 months in every place where NCLT sits..either circuit benches or permanent one .

.par 15 of the order

[1/25, 19:40] CA Venkata Siva Kumar: NCLAT BENCH ONLY AT DELHI.
15. It has been argued by Shri Rohatgi that as per our judgment in
Madras Bar Association (II) (supra), paragraph 123 states as follows:
―123. We shall first examine the validity of Section 5 of
the NTT Act. The basis of challenge to the above
provision has already been narrated by us while
dealing with the submissions advanced on behalf of
the petitioners with reference to the fourth contention.
According to the learned counsel for the petitioners,
Section 5(2) of the NTT Act mandates that NTT would
ordinarily have its sittings in the National Capital
Territory of Delhi. According to the petitioners, the
aforesaid mandate would deprive the litigating
assessee the convenience of approaching the
jurisdictional High Court in the State to which he
belongs. An assessee may belong to a distant/remote
State, in which eventuality, he would not merely have
to suffer the hardship of travelling a long distance, but
such travel would also entail uncalled for financial
expense. Likewise, a litigant assessee from a far-flung
State may find it extremely difficult and inconvenient to
identify an Advocate who would represent him before
NTT, since the same is mandated to be ordinarily
located in the National Capital Territory of Delhi. Even
though we have expressed the view, that it is open to
Parliament to substitute the appellate jurisdiction
vested in the jurisdictional High Courts and constitute
courts/tribunals to exercise the said jurisdiction, we are
of the view,
: alternative court/tribunal, it is imperative for the
legislature to ensure that redress should be available
with the same convenience and expediency as it was
prior to the introduction of the newly created
court/tribunal. Thus viewed, the mandate incorporated
in Section 5(2) of the NTT Act to the effect that the
sittings of NTT would ordinarily be conducted in the
National Capital Territory of Delhi, would render the
remedy inefficacious, and thus unacceptable in law.
The instant aspect of the matter was considered by
this Court with reference to the Administrative
Tribunals Act, 1985 in S.P. Sampath Kumar case [S.P.
Sampath Kumar v. Union of India, (1987) 1 SCC 124 :
(1987) 2 ATC 82] and L. Chandra Kumar case [L.
Chandra Kumar v. Union of India, (1997) 3 SCC 261 :
1997 SCC (L&S) 577], wherein it was held that
permanent Benches needed to be established at the
seat of every jurisdictional High Court. And if that was
not possible, at least a Circuit Bench required to be
established at every place where an aggrieved party
could avail of his remedy. The position on the above
issue is no different in the present controversy. For the
above reason, Section 5(2) of the NTT Act is in clear
breach of the law declared by this Court.‖
(emphasis supplied)
16. The learned Attorney General has assured us that this judgment
will be followed and Circuit Benches will be established as soon as it is
practicable. In this view of the matter, we record this submission and
direct the Union of India to set up Circuit Benches of the NCLAT within
a period of 6 months from today.
THE TRIBUNALS ARE FUNCTIONING UNDER THE WRONG MINIS

Comments

Popular posts from this blog

Section-138 of NI Act,1881 (Dishonour of cheque for insufficiency, etc., of funds in the account)

Dishonour of cheque for insufficiency , etc., of funds in the account. —Where any cheque drawn by a person on an account maintained by him with a banker for payment of any amount of money to another person from out of that account for the discharge, in whole or in part, of any debt or other liability, is returned by the bank unpaid, either because of the amount of money standing to the credit of that account is insufficient to honour the cheque or that it exceeds the amount arranged to be paid from that account by an agreement made with that bank, such person shall be deemed to have committed an offence and shall, without prejudice to any other provisions of this Act, be punished with imprisonment for   [a term which may be extended to two years], or with fine which may extend to twice the amount of the cheque, or with both: Provided that nothing contained in this section shall apply unless— the cheque has been presented to the bank within a period of six months from the date ...

Mutual Fund Myth Buster

Mutual Funds are one of the most suitable investment instruments for investors. Here we bust some misconceptions that have led the investors to remain skeptical about them. To give a fair and real understanding about the instrument, here are some facts about Mutual Funds: 1. Myth: “You need to be an expert to invest in funds” Fact : Mutual Funds are managed by Fund Managers. You can either have an active fund where they actively buy and sell stocks or a passive fund that follows an index. The fund mangers do all the research and analysis about which securities to buy or sell. Further, online and offline advisors can easily help you choose the right Mutual Funds that work within your risk constraints to meet your goals. Yes, you have to be a diligent on who you choose as an advisor but it is easy to find a good one.  Ask two simple questions  – do you pay the advisor directly? and has the advisor successfully managed money before? If the answer is “Yes” to b...