<span style="color: #222222;">The National Company Law Tribunal NCLT today organized a national level Colloquium on the subject NCLT- The Road Ahead in New Delhi.<br />''</span><br />''President of NCLT Chief Justice (Retd) Ramalingam Sudhakar, Corporate Affairs Secretary Rajesh Verma and Chairman of Indian Bankruptcy Board of India Ravi Mital inaugurated the colloquium. Members of the Tribunal both Judicial and Technical representing 15 Benches across India also participated in the colloquium.<br />''<br />''In his address Justice (Retd) Sudhakar said that India is envisioning a multi-trillion dollar economy. He said, Industry and commerce, crucial in the nation's economy, are governed by Company Law besides other laws. Mr Sudhakar stated that the Government has come out with Insolvency and Bankruptcy Code IBC code to resolve corporate issues to enable corporates of India to compete with the world. <br />''<br />''<br />''He said, NCLT is the guardian of the corporate law and each of the Members has a role to play in the economic growth of the country. While talking about Artificial Intelligence AI, Justice (Retd) Sudhakar stated that one aspect for early resolution is the development of Artificial Intelligence technology for speedier dispensing of justice. He said, AI can be used in case resolution, especially in admission of cases.<br />''<br />''In is address, Corporate Affairs Secretary Rajesh Verma stated that NCLT is an institution of pride and it has led to faster resolution of corporate disputes under the Company Act and the IBC. Praising NCLT's performance during COVID-19, Mr Verma said that NCLT disposed of about 62 thousand cases out of about 83 thousand cases filed before it.<br />''<br />''<span style="color: #222222;">Chairman IBBI Ravi Mital stated that there are two corner stones of the IBC which is timelines in process and the control being given to creditors as against Debtors. He stated that with more standardization, the speed of resolution of cases can be increased. Mr Mital said that IBBI is always ready to collaborate with NCLT in simplification of the process of resolution.</span><br />