The Supreme Court has cleared the decks for setting up of the National Company Law Tribunal, NCLT, to deal with disputes related to companies by upholding the validity of the 2002 amendments to the Companies Act with certain conditions. Once the Tribunal is set up, all company-related matters pending with the Company Law Board, the Board for Industrial and Financial Reconstruction, BIFR, and different High Courts will be transferred to the various benches of the proposed NCLT.<br/>