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What is the primary purpose of the National Company Law Appellate Tribunal (NCLAT) in India?
  • a)
    To regulate stock exchanges in India
  • b)
    To hear appeals against decisions made by the National Company Law Tribunal
  • c)
    To oversee the appointment of company directors
  • d)
    To manage the insolvency of individual consumers
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
What is the primary purpose of the National Company Law Appellate Trib...
The NCLAT primarily serves to hear appeals against decisions made by the National Company Law Tribunal (NCLT) under the Companies Act, 2013. This function is crucial in ensuring a fair and transparent process in corporate governance and insolvency matters, thus enhancing the overall effectiveness of corporate dispute resolutions in India.
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What is the primary purpose of the National Company Law Appellate Tribunal (NCLAT) in India?a) To regulate stock exchanges in Indiab) To hear appeals against decisions made by the National Company Law Tribunalc) To oversee the appointment of company directorsd) To manage the insolvency of individual consumersCorrect answer is option 'B'. Can you explain this answer?
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