India, Oct. 30 -- The Supreme Court on Thursday said the Union ministry of corporate affairs (MoCA) had "completely hijacked" the administration of the National Company Law Tribunal (NCLT), warning that the ministry's bid to exercise control over the tribunal was undermining its autonomy and functioning.

The court stressed that the NCLT president must be allowed to administer the institution independently, without the ministry seeking a "complete grip" over its functioning.

"We are compelled to observe this has been completely hijacked by Ministry of Corporate Affairs. That is the problem. And that is impinging on the autonomy of the institution.We feel there should be complete autonomy with the NCLT. The president must be allowed to wo...