NCLAT
- March 27, 2021
- Posted by: OptimizeIAS Team
- Category: DPN Topics
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NCLAT
Subject : Polity
Context : Relief for Tata Group; SC sets aside NCLAT order restoring Cyrus Mistry as executive chairman.
Concept :
National Company Law Appellate Tribunal (NCLAT)
- It was constituted under Section 410 of the Companies Act, 2013 for hearing appeals against the orders of National Company Law Tribunal.
- NCLAT is also the Appellate Tribunal for hearing appeals against the orders passed by NCLT(s) under Section 61 of the Insolvency and Bankruptcy Code, 2016 (IBC).
- NCLAT is also the Appellate Tribunal for hearing appeals against the orders passed by Insolvency and Bankruptcy Board of India under Section 202 and Section 211 of IBC.
- NCLAT is also the Appellate Tribunal to hear and dispose of appeals against any direction issued or decision made or order passed by the Competition Commission of India (CCI).