NATIONAL COMPANY LAW TRIBUNAL BAR ASSOCIATION vs UNION OF INDIA

The Supreme Court ruled in favor of the National Company Law Tribunal Bar Association, declaring that the notification appointing members to the NCLT for a tenure of three years contravened Section 413 of the Companies Act, 2013, which mandates a five-year term. The court emphasized the importance of adhering to statutory provisions regarding appointments to ensure legal compliance and uphold the integrity of the tribunal's functioning. Consequently, the impugned notification was set aside, reaffirming the five-year term requirement for NCLT members.