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Since 1 December 2016, what role has NCLT played under the Insolvency and Bankruptcy Code (IBC)?

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1. Since 1 December 2016, what role has NCLT played under the Insolvency and Bankruptcy Code (IBC)?

NCLT has no role in insolvency matters; a separate tribunal handles the IBC

NCLT only advises the RBI on bank insolvency, without adjudicating powers

NCLT reviews IBC cases only after the Supreme Court has ruled on them

NCLT is India’s adjudicating authority under the IBC, for companies and LLPs

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