Create a Commercial Insolvency Tribunal for winding up and revival of companies
“Create a separate tribunal called Commercial Insolvency Tribunal to take up cases relating to winding up of companies and their revival”
AADHA ADHURAPartially kept
The verdict
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.
Rule applied: Partially kept: yes/no promise only partly done → 5
Implied deadline (end of term): 22 May 2004Confidence: mediumAI draft · review pending
5/10
Evidence timeline
- ResearchUndated· MondaqsupportsConstitution of NCLT and NCLAT: comprehensive analysis ↗
“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”
More economy promises from this manifesto
Raise GDP growth to the 7-8% bracket
AADHA ADHURAPartially kept5/10
“The growth target showed up once, in the final year, just before the bill came due.”
Control the fiscal and revenue deficits
AADHA ADHURAPartially kept5/10
Glass aadha bhara hai. Ya aadha khaali. Depends kaun puch raha hai.
Examine and enact a Fiscal Responsibility Act
VAADA POORAKept10/10
Arre wah! Ye toh sach mein hua.
Promise ID nda-ls-1999-035 · drafted 5 Oct 2026 by research-agent · JSON