SECTION 423 APPEAL TO SUPREME COURT
Any individual who is aggrieved by an Appellate Tribunal (National Company Law Appellate Tribunal- NCLAT) 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.