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With reference to the National Company Law Appellate Tribunal (NCLAT), consider the following statements:
1. The NCLAT was constituted under Companies Act, 2013.
2. Any person aggrieved by any order of the NCLAT may file an appeal to the Supreme Court.
Which of the statements given above is/are not correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2 
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
With reference to the National Company Law Appellate Tribunal (NCLAT),...
National Company Law Appellate Tribunal: The NCLAT was constituted under Section 410 of the Companies Act, 2013 to hear appeals against the orders of the National Company Law Tribunal (NCLT). Hence, statement 1 is correct. NCLT is a quasi-judicial body that adjudicates issues relating to companies. It is also the appellate tribunal for orders passed by the NCLT(s) under Section 61 of the Insolvency and Bankruptcy Code (IBC), 2016, and for orders passed by the Insolvency and Bankruptcy Board of India (IBBI) under Sections 202 and 211 of the IBC. Any person aggrieved by any order of the NCLAT may file an appeal to the Supreme Court. Hence, statement 2 is correct.
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With reference to the National Company Law Appellate Tribunal (NCLAT), consider the following statements:1. The NCLAT was constituted under Companies Act, 2013.2. Any person aggrieved by any order of the NCLAT may file an appeal to the Supreme Court.Which of the statements given above is/are not correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer?
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With reference to the National Company Law Appellate Tribunal (NCLAT), consider the following statements:1. The NCLAT was constituted under Companies Act, 2013.2. Any person aggrieved by any order of the NCLAT may file an appeal to the Supreme Court.Which of the statements given above is/are not correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to the National Company Law Appellate Tribunal (NCLAT), consider the following statements:1. The NCLAT was constituted under Companies Act, 2013.2. Any person aggrieved by any order of the NCLAT may file an appeal to the Supreme Court.Which of the statements given above is/are not correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the National Company Law Appellate Tribunal (NCLAT), consider the following statements:1. The NCLAT was constituted under Companies Act, 2013.2. Any person aggrieved by any order of the NCLAT may file an appeal to the Supreme Court.Which of the statements given above is/are not correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer?.
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