were made strictly in accordance with the existing law not made so far despite repeated orders from sc do you have no faith in the selection panels headed by sc judges it askedjustice rao said some tribunals are on the verge of closure some are functioning with one member and that too on extension you are emasculating the tribunals by this approach you must realise itthe sg attempted to douse the heat by reading out a finance ministry communication promising to take a decision in two weeks on appointing those already recommended by the selection panels headed by sc judges but it had small impactreferring to proliferation of corporate insolvency cases under the ibc justice chandrachud said nclt and nclat are critical to the economy they are really the cornerstones of the government policy for reconstruction and rehabilitation of the corporate sector what has happened is because of the large number of vacancies nclt and nclat are not able to dispose of matters in accordance with the prescribed timelinesas per the law there is an outer limit of 330 days for resolution of the corporate insolvency process an sc judgment says except in exceptional cases this is a mandatory period beyond which companies have to go for liquidation with nclt and nclat not being manned a very critical situation has arisen same thing is happening to aft there is no reasonable possibility of resolving grievances of armed forces personnel and retired servicemen under the new memorandum of procedure only those candidates who are ib cleared are considered by the searchcumselection committees notwithstanding that the names we recommended are either deleted there is no explanation why they are deleted it is a waste of time and energynot to be disheartened the sg continued with his persuasions for some more time for making appointments the cjiled bench said we have trust and faith in you the sg we dont think you will advise the government to bring legislation after legislation to counter sc judgments some bureaucrats may be there who advise the government to make such legislation if the sc passes a judgment pass a law nullifying it this is how the bureaucracy functions but the government has to take a call now we are very serious even though we are very upset we will give you another week to come back with instructions on that day we will pass orders on the legislation alsojustice chandrachud culled out the four key lacunae in the tribunal reforms act 2021 he said there are four provisions a person below the age of 50 years is ineligible for member or chairperson directly contrary to the madras bar association judgment selection committee to recommend two names from which the centre will choose term of four years which again is directly contrary to the judgment allowances to chairperson and members identical to that of central government officer holding a post carrying the same pay as that of chairperson and members again directly contrary to the judgmentthe cji