Justice Ashok Bhushan Re-appointed as NCLAT Chairperson Until July 2026

Former Supreme Court Justice Ashok Bhushan has been re-appointed as the Chairperson of the National Company Law Appellate Tribunal (NCLAT). The Central government, through the Ministry of Personnel, Public Grievances and Pensions, announced the decision, with the Appointments Committee of the Cabinet approving the Ministry of Corporate Affairs' proposal.

Justice Bhushan's reappointment is effective until he attains the age of 70 years on July 4, 2026. He has been serving as the Chairperson of NCLAT since November 8, 2021, overseeing numerous critical cases involving corporate law, insolvency, and competition statutes. His background includes a distinguished career as a Supreme Court Judge and Chief Justice of the Kerala High Court.

Impact This reappointment ensures stability and continuity in the leadership of NCLAT, a vital judicial body for corporate governance, insolvency resolution, and bankruptcy proceedings in India. A consistent leadership can lead to more predictable and efficient handling of complex corporate disputes, indirectly fostering investor confidence and a stable business environment. Rating: 5/10

Difficult Terms National Company Law Appellate Tribunal (NCLAT): A quasi-judicial body that hears appeals against orders passed by the National Company Law Tribunal (NCLT) and deals with matters related to corporate law, insolvency, and bankruptcy. Appointments Committee of the Cabinet: A high-level committee of the Union Cabinet, chaired by the Prime Minister, responsible for making key appointments in government. Ministry of Personnel, Public Grievances and Pensions: A government ministry responsible for handling personnel matters, public grievances, and pensions. Insolvency: A situation where a company or individual is unable to repay its debts. Competition Statutes: Laws that regulate competition in the market to prevent monopolies and ensure fair trade practices.