National Company Law Appellate Tribunal (NCLAT) was established under Section 410 of the Companies Act, 2013 for hearing petitions against the laws of National Company Law Tribunal(s) (NCLT), with effect from first June, 2016.
NCLAT is additionally the Appellate Tribunal for hearing petitions against the requests passed by NCLT(s) under Section 61 of the Insolvency and Bankruptcy Code, 2016 (IBC), with impact from first December, 2016. NCLAT is likewise the Appellate Tribunal for hearing interests against the requests passed by Insolvency and Bankruptcy Board of India under Section 202 and Section 211 of IBC.
National Company Law Tribunal (NCLT)
Majorly following matters are handled in NCLT at Delhi, Mumbai, Kolkata, Chennai, Hyderabad, Bangalore, Ahmadabad, Allahabad, Chandigarh, & Guwahati,
Companies Act
Corporate Insolvency Resolution Process (CIRP) by Financial Creditors, Operational Creditors & Corporate Debtors
Corporate Liquidation Process
Corporate Fast Track Insolvency Process
Corporate Voluntary Liquidation Process
NCLAT
National Company Law Appellate Tribunal
NCLAT is situated only at Delhi
This is appellate Court for all above NCLT matter
After NCLAT appeal shall be at the Supreme Court of India on Law & Constitutional points.
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