- NCLAT was constituted in 2016 under Section 410 of the Companies Act, 2013 for hearing appeals against the orders of National Company Law Tribunal(s) (NCLT).
- It is a is a quasi-judicial body that adjudicates issues relating to Indian companies.
- NCLAT is also the Appellate Tribunal for hearing appeals against:
- Orders passed by NCLT(s) under Section 61 of the Insolvency and Bankruptcy Code, 2016.
- orders passed by Insolvency and Bankruptcy Board of India under Section 202 and Section 211 of IBC.
- Order passed by the Competition Commission of India (CCI)
- Orders of the National Financial Reporting Authority.
- No criminal court shall have jurisdiction to entertain any suit in respect of any matter which the Appellate Tribunal is empowered to determine.
SOURCE: THE HINDU, THE ECONOMIC TIMES, PIB