{"license":"Free to use with attribution to Vaada Meter (license terms to be finalised)","methodVersion":"1.0","generatedAt":"2026-10-06T07:29:06.639Z","data":{"id":"nda-ls-1999-035","text":"Create a Commercial Insolvency Tribunal for winding up and revival of companies","quote":"Create a separate tribunal called Commercial Insolvency Tribunal to take up cases relating to winding up of companies and their revival","quoteIsExact":true,"quoteLanguage":"en","quoteEnglish":null,"page":null,"sector":"economy","measurability":"measurable","importance":"minor","deadline":"2004-05-22","deadlineType":"implied","status":"partial","rating":5,"ratingRule":"partial_yesno","provisional":false,"confidence":"medium","reason":"The Companies (Second Amendment) Act, 2002 provided for a National Company Law Tribunal to handle winding up and revival. It was challenged in the Madras High Court and never notified, so no tribunal ran during the term.","evidence":[{"date":null,"sourceType":"research","publisher":"Mondaq","title":"Constitution of NCLT and NCLAT: comprehensive analysis","url":"https://mondaq.com/india/corporate-and-company-law/518892/constitution-of-national-company-law-tribunal-nclt-and-national-company-law-appellate-tribunal-nclat-comprehensive-analysis","quote":"the Companies (Second Amendment) Act, 2002... provided the provisions for setting up of NCLT and NCLAT... The said 2002 Amendment Act was never notified as it was challenged in the High Court at Madras","stance":"supports"}],"tags":["nclt","insolvency"],"sensitive":false,"review":{"state":"ai_draft","draftedBy":"research-agent","draftedAt":"2026-10-05","reviewedBy":null,"approvedBy":null},"manifestoId":"nda-ls-1999","partyId":"nda","electionId":"ls-1999"}}