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RAS question

NCLT stands for:

Correct answer: (D) National Company Law Tribunal.

NCLT stands for National Company Law Tribunal, the adjudicating authority for insolvency resolution under the IBC.

  1. (A)

    National Commercial Law Tribunal

  2. (B)

    National Corporate Law Tribunal

  3. (C)

    National Civil Law Tribunal

  4. (D)

    National Company Law Tribunal

Explanation

NCLT expands to National Company Law Tribunal, not Commercial, Corporate, or Civil Law Tribunal. The official NCLT website itself uses the full name, National Company Law Tribunal, and states that the Central Government constituted it under section 408 of the Companies Act, 2013. The word Company is essential because it is part of the official name and fits NCLT's role as the adjudicating authority for insolvency resolution under the IBC. Appeals from NCLT decisions go first to NCLAT, the National Company Law Appellate Tribunal, and then to the Supreme Court.

Why the other options are wrong

  • (A) National Commercial Law Tribunal is wrong because the official expansion uses Company, not Commercial.
  • (B) National Corporate Law Tribunal is wrong because the C in NCLT stands for Company, not Corporate.
  • (C) National Civil Law Tribunal is wrong because NCLT is a company-law tribunal, not a civil-law tribunal.

Concept

NCLT belongs to the institutional framework around company law and insolvency resolution. Bodies such as NCLT and NCLAT sit at the junction of economy, governance, and legal process.

Source

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