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Consider the following statements regarding National Company Law Appellate Tribunal (NCLAT):
1. It was constituted under the provisions of Insolvency and Bankruptcy Code, 2016.
2. It can hear appeals against any order passed by India's Competition Commission (CCI).
3. An appeal can be made in the Supreme Court against any order of the NCLAT on any question of law.
Which of the statements given above is/are correct?
  • a)
    1 and 2 only
  • b)
    2 and 3 only
  • c)
    3 only
  • d)
    1 and 3 only
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements regarding National Company Law Appel...
  • National Company Law Appellate Tribunal (NCLAT) was constituted under Section 410 of the Companies Act, 2013 for hearing appeals against the orders of National Company Law Tribunal (NCLT). Hence, statement 1 is not correct.
  • NCLAT consisting of a chairperson and such number of Judicial and Technical Members, not exceeding eleven, as the Central Government may deem fit. The chairperson shall be a person who is or has been a Judge of the Supreme Court or the Chief Justice of a High Court. The chairperson and Judicial Members of the Appellate Tribunal shall be appointed after consultation with the Chief Justice of India.
  • NCLAT is also the Appellate Tribunal for hearing appeals against the orders passed by NCLT 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). Hence, statement 2 is correct.
  • Any person aggrieved by any order of the Appellate Tribunal may file an appeal to the Supreme Court within 45 days from the date of receipt of the order of the Appellate Tribunal to him on any question of law arising out of such order. Hence, statement 3 is correct.
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Consider the following statements regarding National Company Law Appellate Tribunal (NCLAT):1. It was constituted under the provisions of Insolvency and Bankruptcy Code, 2016.2. It can hear appeals against any order passed by Indias Competition Commission (CCI).3. An appeal can be made in the Supreme Court against any order of the NCLAT on any question of law.Which of the statements given above is/are correct?a)1 and 2 onlyb)2 and 3 onlyc)3 onlyd)1 and 3 onlyCorrect answer is option 'B'. Can you explain this answer?
Question Description
Consider the following statements regarding National Company Law Appellate Tribunal (NCLAT):1. It was constituted under the provisions of Insolvency and Bankruptcy Code, 2016.2. It can hear appeals against any order passed by Indias Competition Commission (CCI).3. An appeal can be made in the Supreme Court against any order of the NCLAT on any question of law.Which of the statements given above is/are correct?a)1 and 2 onlyb)2 and 3 onlyc)3 onlyd)1 and 3 onlyCorrect answer is option 'B'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding National Company Law Appellate Tribunal (NCLAT):1. It was constituted under the provisions of Insolvency and Bankruptcy Code, 2016.2. It can hear appeals against any order passed by Indias Competition Commission (CCI).3. An appeal can be made in the Supreme Court against any order of the NCLAT on any question of law.Which of the statements given above is/are correct?a)1 and 2 onlyb)2 and 3 onlyc)3 onlyd)1 and 3 onlyCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding National Company Law Appellate Tribunal (NCLAT):1. It was constituted under the provisions of Insolvency and Bankruptcy Code, 2016.2. It can hear appeals against any order passed by Indias Competition Commission (CCI).3. An appeal can be made in the Supreme Court against any order of the NCLAT on any question of law.Which of the statements given above is/are correct?a)1 and 2 onlyb)2 and 3 onlyc)3 onlyd)1 and 3 onlyCorrect answer is option 'B'. Can you explain this answer?.
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