Justice Venugopal appointed as acting Chairperson of NCLAT

Justice M. Venugopal has been named as the new Acting Chairperson of the appellate tribunal, National Company Law Appellate Tribunal (NCLAT). This is the third time in a row that an Acting Chairperson is at the helm of the NCLAT, after the retirement of permanent Chairperson Justice S J . Mukhopadhaya on March 14, 2020.

Justice Bansi Lal Bhat was the first Acting Chairperson from March 15, 2020, followed by Justice A I S Cheema from April 19, 2021, and subsequently Justice M. Venugopal from September 11, 2021.

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Who is Justice M. Venugopal?

He is a former judge of the High Court of Madras. He had joined as a Sub-Judge in Tamil Nadu State Judicial Service on June 5, 1997, and later was elevated to Madras High Court in November 2007, where he had served for eleven-and-a-half years.

About the NCLAT:

• The NCLAT was constituted under Section 410 of the Companies Act, 2013 for hearing appeals against the orders of the National Company Law Tribunal (NCLT).
• It is also an appellate tribunal for hearing appeals against the orders passed by NCLT under the Insolvency and Bankruptcy Code (IBC), and by the Insolvency and Bankruptcy Board of India (IBBI).
• It is also the appellate tribunal to hear and dispose of appeals against any direction issued or decision made or order passed by the Competition Commission of India (CCI).

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