The National Company Law Tribunal (NCLT) on Tuesday urged all the litigants to file "Joint Memo" of written submissions, so as to avoid the lengthy process of filing replies and rejoinders and ensure rapid disposal.
The NCLT had restricted its functioning to hear only urgent matters via video conferencing amid the COVID-19 pandemic. It has now urged that in "surreal times" like these, the users of NCLT under Companies Act 2013 and Insolvency and Bankruptcy Code 2016, should cooperate with the Tribunal by filing joint memos, containing points for determination as mutually decided by the parties.
Such memo will have to be filed before the Tribunal one day before the date of hearing or at least six hours before the hearing.
However, situations that demand grant of ad-interim relief have been exempted from this requirement and it has been clarified that non filing of joint memo will not become a hindrance to NCLT in granting such ad-interim relief.
The Tribunal has notified the following steps to be undertaken for filing a joint memo: