{"id":6841,"date":"2026-03-30T14:30:45","date_gmt":"2026-03-30T09:00:45","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=6841"},"modified":"2026-03-30T15:00:49","modified_gmt":"2026-03-30T09:30:49","slug":"national-company-law-appellate-tribunal","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/national-company-law-appellate-tribunal\/","title":{"rendered":"National Company Law Appellate Tribunal"},"content":{"rendered":"<h2><b>National Company Law Appellate Tribunal Latest News<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Recently, the National Company Law Appellate Tribunal (NCLAT) upheld NCLT powers to direct defreezing of demat accounts in insolvency cases and dismissed Bombay Stock Exchange\u2019s appeals.\u00a0<\/span><\/p>\n<h2><b>About National Company Law Appellate Tribunal<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It is a quasi-judicial body <\/span><b>constituted under the Companies Act, 2013<\/b><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It was established to hear appeals against the decisions of the <\/span><a href=\"https:\/\/vajiramandravi.com\/current-affairs\/national-company-law-tribunal-nclt\/\" target=\"_blank\"><b>National Company Law Tribunal (NCLT)<\/b><\/a><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Objectives:<\/b><span style=\"font-weight: 400;\"> To promote <\/span><b>timely corporate dispute resolution<\/b><span style=\"font-weight: 400;\">, ensure transparency, and improve efficiency in insolvency and corporate governance matters.<\/span><\/li>\n<\/ul>\n<h2><b>Functions of NCLAT<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Hearing appeals against orders of the <\/span>Insolvency and Bankruptcy Board<span style=\"font-weight: 400;\"> of India (IBBI).\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Hearing appeals<\/b><span style=\"font-weight: 400;\"> against orders of the <\/span><b><a href=\"https:\/\/vajiramandravi.com\/upsc-exam\/competition-commission-of-india\/\" target=\"_blank\">Competition Commission of India<\/a> (CCI).<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Hearing appeals related to the <\/span><b>National Financial Reporting Authority<\/b><span style=\"font-weight: 400;\"> (<strong><a href=\"https:\/\/vajiramandravi.com\/current-affairs\/nfra\/\" target=\"_blank\">NFRA<\/a><\/strong>).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Giving advisory opinions<\/b><span style=\"font-weight: 400;\"> when legal issues are referred by the <\/span><a href=\"https:\/\/vajiramandravi.com\/upsc-exam\/president-of-india\/\" target=\"_blank\"><b>President of India<\/b><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Headquarters:<\/b><span style=\"font-weight: 400;\"> New Delhi.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Composition:<\/b><span style=\"font-weight: 400;\"> It includes a <\/span><b>Chairperson,<\/b><span style=\"font-weight: 400;\"> along with <\/span><b>Judicial and Technical Members,<\/b><span style=\"font-weight: 400;\"> all appointed by the Central Government based on expertise in law, finance, accountancy, and administration.<\/span><\/li>\n<\/ul>\n<h2><b>Powers and Procedure<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">NCLAT can <\/span><b>regulate its own procedure<\/b><span style=\"font-weight: 400;\"> and possess powers equivalent to a civil court under the Civil Procedure Code, 1908.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It can summon witnesses, receive affidavits, enforce production of documents, and issue commissions.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Orders passed by NCLAT are <\/span><b>enforceable like civil court decrees.<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Appeals against NCLAT orders<\/b><span style=\"font-weight: 400;\"> can be filed in <\/span><b>the <a href=\"https:\/\/vajiramandravi.com\/upsc-exam\/supreme-court-of-india\/\" target=\"_blank\">Supreme Court of India<\/a>.<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Civil courts have no jurisdiction over matters within the purview of NCLAT.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">No court or authority can grant injunctions against any action taken by NCLAT under its legal authority.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Timely disposal:<\/b><span style=\"font-weight: 400;\"> NCLAT is required to dispose of appeals within six months from the date of receipt to ensure swift resolution.<\/span><\/li>\n<\/ul>\n<p><strong>Source: <a href=\"https:\/\/www.moneycontrol.com\/news\/business\/nclat-upholds-nclt-powers-to-direct-defreezing-of-demat-accounts-in-insolvency-cases-dismisses-bse-appeals-13873577.html\" target=\"_blank\" rel=\"nofollow noopener\">MC<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>National Company Law Appellate Tribunal, NCLAT upholds NCLT power to defreeze demat accounts in insolvency cases, strengthening corporate dispute resolution in India.<\/p>\n","protected":false},"author":5,"featured_media":95538,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[6458,246,3815],"class_list":{"0":"post-6841","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"tag-national-company-law-appellate-tribunal","9":"tag-prelims-current-affairs","10":"tag-prelims-pointer","11":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/6841","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=6841"}],"version-history":[{"count":2,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/6841\/revisions"}],"predecessor-version":[{"id":95606,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/6841\/revisions\/95606"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/95538"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=6841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=6841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=6841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}