The National Company Law Tribunal (NCLT) and the National Company Law Appellate Tribunal (NCLAT) are critical institutions in India’s corporate and insolvency landscape. These tribunals play a pivotal role in adjudicating complex commercial disputes, directly influencing the country’s business environment and economic stability.

While these tribunals play a vital role, they have immense potential for improvement in areas such as streamlining procedures, addressing staffing gaps, and adopting modern technologies. Tackling these areas can significantly enhance their effectiveness, strengthen business confidence, and unlock greater economic value.