Section 410 of the Companies Act, 2013 created the National Company Law Appellate Tribunal (NCLAT) with effect from June 1, 2016, to consider appeals against the decisions of the National Company Law Tribunal(s) (NCLT). When it comes to appeals against NCLT(s) orders issued under Section 61 of the Insolvency and Bankruptcy Code, 2016 (IBC), NCLAT also acts as the Appellate Tribunal, effective December 1, 2016. The NCLAT acts as the Appellate Tribunal for appeals against decisions rendered by the Insolvency and Bankruptcy Board of India in line with Sections 202 and 211 of the IBC.
According to the amendment made to Section 410 of the Companies Act, 2013 by Section 172 of the Finance Act, 2017, which went into effect on May 26, 2017, the…
