Tribunal for Appeals under National Company Law

To hear appeals against the National Company Law Tribunal’s rulings, the NCLAT was established under Section 410 of the Companies Act, 2013. (NCLT).

The NCLT is a quasi-judicial organisation that decides disputes involving

It serves as an appeals court for decisions made by the Insolvency and Bankruptcy Board of India (IBBI) under Sections 202 and 211 of the IBC as well as decisions made by the NCLT(s) under Section 61 of the IBC (2016).

Any person who feels wronged by an NCLAT order may appeal it to the Supreme Court.

NCLT Features

The Tribunal will make decisions about all processes brought under the Companies Act, including arbitration, agreements, compromises, reconstruction, and firm wound up.

Insolvency proceedings under the 2016 Insolvency and Bankruptcy Code are also adjudicated by the NCLT.

There will be no jurisdiction of a civil court over the aforementioned matters.

The Sick Industrial Companies (Special Provisions) Act, 1985 and matters pending before the Board for Industrial and Financial Reconstruction (BIFR) may both be resolved by the NCLT.

furthermore to take up any issues that are now before the Appellate Authority for Industrial and Financial Reconstruction

It may also take on instances involving corporate oppression and poor management.