The National Company Law Appellate Tribunal (NCLAT) was established to hear appeals against orders from the National Company Law Tribunal (NCLT) and the Insolvency and Bankruptcy Board of India. It acts as the apex tribunal for corporate law, streamlining litigation and reducing delays. The NCLAT, like the NCLT, possesses broad powers akin to a civil court, including contempt jurisdiction, and plays a crucial role in interpreting and evolving the Insolvency and Bankruptcy Code (IBC) through its judgments.
Introduction
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(s), under Section 61 of the Insolvency and Bankruptcy Code, 2016 (IBC) and the orders passed by Ins
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