• alkapranjal

SECTION 423 APPEAL TO SUPREME COURT

#SECTION423

#SUPREMECOURT

#APPELLATETRIBUNAL

#SIXTYDAYS

#60DAYS

#COMPANYLAW

#NCLT

#NATIONALCOMPANYLAWTRIBUNAL

#NCLAT

#NATIONALCOMPANYLAWAPPELLATETRIBUNAL


Any individual who is aggrieved by an Appellate Tribunal (National Company Law Appellate Tribunal- NCLAT[1]) order may file an appeal with the Supreme Court within sixty days of receiving the NCLAT's order on any matter of law arising out of order:

However, the Supreme Court may, if satisfied that the appellant was prevented from appealing within the specified period by sufficient reason, allow it to be lodged within a further sixty-day period.


What is National Company Law Appellate Tribunal?

It was constituted under Section 410 of the Companies Act after that; it came into effect on the 01st of July 2016. The Appellate Tribunal also hears the appeals against the orders passed by NCLT under Insolvency and Bankruptcy Code 2016, Section 61[2].

[1] Indian Kanoon (Section 410)- https://indiankanoon.org/doc/1699332/ [2] SSC Online (Section 61)-

https://www.scconline.com/blog/post/tag/section-61-of-insolvency-and-bankruptcy-code/#:~:text=Section%2061%20of%20the%20IBC,date%20of%20the%20impugned%20order

3 views0 comments

Recent Posts

See All

#INCOMETAXACT #SECTION44BBA #PROFIT #GAIN #AIRCRAFTS #NONRESIDENTS Despite anything to the contrary stated in Sections 28 to 43A, a sum equal to 5% of the total of the amounts specified in Subsection

#INCOMETAXACT #SECTION44BB #SECTION28 #SECTION41 #SECTION43 #PROFITS #GAINS #EXPLORATION #MINERALOILS Despite anything to the contrary in sections 28 to 41 and sections 43 and 43A, in the case of an a

#INCOMETAXACT #SECTION44B #SECTION28 #SECTION43A #PROFIT #GAINS #SHIPPINGBUSINESS #NONRESIDENTS Despite anything to the contrary stated in sections 28 to 43A, a sum equal to 7.5 per cent of the total