Thursday, 11 February 2021

The Decision of CCI Appeals to NCLAT

 About the NCLAT:

♦ NCLAT was formed under Section 410 of the Companies Act, 2013, which aims to hear appeals against National Company Law Tribunal orders.
♦ NCLAT is also the Court of Appeal.
♦ NCLT's order passed under Section 61 of the Insolvency and Bankruptcy Code (IBC) 2016.
♦ Orders passed by the Indian Insolvency and Bankruptcy Board under Section 202 and Section 211 of the IBC.
♦ Any instructions, decisions or orders issued by the Competition Commission of India (CCI).
♦ Based on the caseload and other related factors, the National Company Law Tribunal (NCLT) courts have been established in various states.
♦ Considering the heavy caseload of some existing benches, more members have been appointed and other courts have been activated from time to time.

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