NCLT allows investors to file lawsuit on firms
The government has notified the constitution of the National Company Law Tribunal (NCLT) under which a provision has been made enabling a group of at least 100 investors or shareholders to file lawsuits against corporates for misdoings. The NCLT was constituted on June 1 under the Companies (Amendment) Act, 2016 absorbing the earlier Company Law Board and other financial bodies.