• 9964432222
  • Mail Us
  • Appointment
  • Locate Us
  • Chat Now
  • Courses
  • Login
  • Register
Manifest IAS
JournalsOfIndia
Advertisement
  • Home
  • Economy
  • Foreign Affairs
  • Science & Tech
  • Environment
  • Law & Policy
  • History
No Result
View All Result
  • Home
  • Economy
  • Foreign Affairs
  • Science & Tech
  • Environment
  • Law & Policy
  • History
No Result
View All Result
JournalsOfIndia
No Result
View All Result
Home Law & Policy

National Company Law Appellate Tribunal

August 11, 2020
in Law & Policy, Economy
Reading Time: 2min read
0
119
VIEWS
Share on TelegramShare on Facebook
  • 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 Tribunals (NCLT).
  • NCLAT is also the appellate tribunal for hearing appeals against the orders passed by NCLTs under Section 61 of the Insolvency and Bankruptcy Code, 2016 (IBC) and Insolvency and Bankruptcy Board of India under Section 202 and Section 211 of IBC.
  • NCLAT is also the appellate tribunal to hear and dispose of appeals against any direction issued or decision made or order passed by the Competition Commission of India (CCI) – as per the amendment brought by the Finance Act, 2017.
  • NCLAT decisions can be challenged in the Supreme Court on a point of law. In some cases, NCLAT decisions have been overturned by the SC, like in the case of ArcelorMittal when the top court set aside the tribunal’s order to pave way for the global steel giant to acquire Essar Steel.

Composition

  • The chairperson and judicial members of the Appellate Tribunal shall be appointed after consultation with the Chief Justice of India.
  • The members of the tribunal and the technical members of the Appellate Tribunal shall be appointed on the recommendation of a Selection Committee consisting of:
    • Chief Justice of India or his nominee (Chairperson).
    • A senior judge of the Supreme Court or a Chief Justice of the High Court
    • Secretary in the Ministry of Corporate Affairs
    • Secretary in the Ministry of Law and Justice
    • Secretary in the Department of Financial Services in the Ministry of Finance
  • Chairperson – Should be/been judge of the Supreme Court or should be/been Chief Justice of the High Court.
  • Judicial Member – Is/has been a judge of a High Court or is a judicial member of a tribunal for 5 years or more.
  • Technical member- Person with proven ability, integrity and standing having special knowledge and experience of 25 years or more (in specified areas)
  • Term of office of chairperson and members is 5 years and they can be reappointed for additional 5 years.

 

 

Tags: Prelims

Related Posts

Bodoland Territorial Region (BTR) agreement

Bodoland Territorial Region (BTR) agreement

January 25, 2021
Pradhan Mantri Rashtriya Bal Puraskar

Pradhan Mantri Rashtriya Bal Puraskar

January 25, 2021
Section 29 of the POCSO Act

Section 29 of the POCSO Act

January 25, 2021
Industrial Policy Resolutions

Industrial Policy Resolutions

January 23, 2021
Data Governance Quality Index

Data Governance Quality Index

January 23, 2021
ShramShakti portal

ShramShakti portal

January 23, 2021
Vande Bharat Express

Vande Bharat Express

January 23, 2021
Rapid Assessment System

Rapid Assessment System

January 23, 2021
Draft Personal Data Protection Bill, 2019

Draft Personal Data Protection Bill, 2019

January 22, 2021
Guidelines for Digital Media Regulation

Guidelines for Digital Media Regulation

January 22, 2021
Please login to join discussion

Browse by Category

  • Agriculture
  • Disaster Management
  • Economy
  • Environment
  • Ethics
  • Foreign Affairs
  • Geography
  • Governance
  • History
  • Law & Policy
  • Opinion
  • People in News
  • Places in News
  • Science & Tech
  • Security
  • Society

Browse by Tags

AIR Big Picture Down to Earth GS-1 GS-2 GS-3 GS-4 Kurukshetra Mains News Paper PIB Prelims RSTV Spotlight on AIR Yojana
JournalsOfIndia

Our vision is to orient the readers to grasp the facts objectively and analyse critically. In the rush of reaching first to the readers, the websites miss the balanced opinion, which is the need of the hour. We aim to reach the readers with more crispness, preciseness and relevance. We bring the articles in UPSC way for the civil services aspirants and the Wisest Way for general readers.

Categories

  • Agriculture
  • Disaster Management
  • Economy
  • Environment
  • Ethics
  • Foreign Affairs
  • Geography
  • Governance
  • History
  • Law & Policy
  • Opinion
  • People in News
  • Places in News
  • Science & Tech
  • Security
  • Society

Browse by Tag

AIR Big Picture Down to Earth GS-1 GS-2 GS-3 GS-4 Kurukshetra Mains News Paper PIB Prelims RSTV Spotlight on AIR Yojana

Newsletter

The most important UPSC news and events of the day.

Get Journals daily newsletter on your inbox.

© 2020 JournalsOfIndia - A free initiative by Manifest Team.

  • Login
  • Sign Up
  • Home
  • Prelims Snippets
  • Mains Articles
  • Economy
  • Society
  • Foreign Affairs
  • Science & Tech
  • Environment
  • Agriculture
  • History
  • Law & Policy
  • Security
  • Course Portal
  • Prelims Test Portal
No Result
View All Result

© 2020 JournalsOfIndia - A free initiative by Manifest Team.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In