Justice Anupinder Singh Grewal appointed President of NCLT

What: Retd. Justice Anupinder S. Grewal appointed NCLT President for five years (or till 67); first appointment of a former HC CJ to the post; aims to address backlog and insolvency case delays.

Significance: Impacts insolvency adjudication, corporate restructuring and IBC implementation.

UPSC relevance: Judicial appointments, insolvency framework, dispute resolution institutions.

Practice Q: Examine the role of NCLT in the corporate insolvency resolution process and challenges due to vacancies.