In Madras Bar Association's case*, the SC has held that there is a doubt whether wholesale transfer of powers can take place in favour of a tribunal. The matter has been referred to the Constitution Bench. The matter may take several years to be heard. Does this mean that the NTT is for all practical purposes dead? I am very happy about this.

Ashutosh.
*http://www.itatonline.org/pdf/gandhi_madras_bar_asson_company_law_tribunal.pdf