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Prachi Wazalwar is a highly accomplished corporate lawyer, qualified company secretary, and founder of Wazalwar & Associates, a boutique law firm specializing in corporate and commercial laws. With extensive experience in handling complex matters related to company law, insolvency, restructuring, mergers and acquisitions, and shareholder disputes, she has been recognized as an authority in the Indian legal landscape. Prachi regularly appears before the National Company Law Tribunal (NCLT), National Company Law Appellate Tribunal (NCLAT), High Courts, and the Supreme Court of India. Her clientele spans leading corporates, financial institutions and resolution professionals, whom she advises on high-stakes legal strategy and litigation. Beyond her legal practice, Prachi has contributed significantly to legal scholarship and policy. She was a member of the core group on NCLT constituted by the Institute of Company Secretaries of India (ICSI) and has been actively involved in suggesting reforms to the Companies Law Committee. She is also a respected speaker at professional forums and has conducted training sessions for regulators and insolvency professionals. With a commitment to legal clarity and procedural efficiency, her work continues to shape the understanding and application of corporate law in India. Her contributions as a legal author have earned her widespread acclaim among practitioners, academicians, and policy-makers.
This 8th Edition (June 2025) of National Company Law Tribunal (NCLT) & National Company Law Appellate Tribunal (NCLAT): Law, Practice & Procedure is an authoritative and practice-oriented reference designed for professionals, litigators, corporate counsels, insolvency practitioners, and academicians dealing with corporate litigation, insolvency, and company law matters in India. Authored by Prachi Wazalwar, the book provides an exhaustive treatment of procedural and substantive aspects of NCLT and NCLAT practice, incorporating the latest amendments, notifications, and judicial pronouncements up to mid-2025.
Drawing from over 10,000 curated case laws under the IBC and Companies Act, this edition combines legislative provisions with practical insights, model formats, and strategic guidance, making it indispensable for legal and corporate professionals.
The content covers:
• Comprehensive overview of the constitution, jurisdiction, and powers of NCLT & NCLAT
• Detailed procedural guidance on filing, pleadings, evidence, and hearings before NCLT/NCLAT
• In-depth commentary on the Insolvency and Bankruptcy Code, 2016 and Companies Act, 2013 as they apply before these forums
• Curated case law summaries on corporate insolvency, oppression & mismanagement, mergers & amalgamations, and other key matters
• Step-by-step guidance on IBC processes with timelines, flowcharts, and practical tips
• Drafting assistance with model petitions, applications, affidavits, and other pleadings
• Legislative evolution tracing the development of NCLT/NCLAT and its jurisprudence
• Special coverage of landmark judgments and their implications for corporate practice
• Insights into procedural challenges, best practices, and common pitfalls in litigation strategy
This edition is particularly suitable for:
• Advocates and corporate lawyers practicing before NCLT/NCLAT
• Insolvency professionals and company secretaries engaged in corporate restructuring
• In-house counsels and compliance officers managing litigation and corporate governance
• Judges, academicians, and students of company and insolvency law
• Researchers analyzing trends in corporate dispute resolution in India
With its blend of statutory analysis, judicial guidance, and practical tools, this updated 2025 edition stands as the most reliable companion for navigating proceedings before the NCLT and NCLAT.
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