Consider the following statements regarding the National Company Law Appellate Tribunal (NCLAT): 1. NCLAT is constituted under the Companies Act, 2013, to hear appeals against the orders of the National Company Law Tribunal (NCLT) and the Insolvency and Bankruptcy Board of India (IBBI). 2. NCLAT has the authority to regulate its own procedure and its orders are enforceable like civil court decrees. 3. Civil courts can entertain appeals against the orders of NCLAT on matters falling under its jurisdiction. Which of the statements given above is/are correct? |ForumIAS

[A] 1 and 2 only

[B] 2 and 3 only

[C] 1 and 3 only

[D] 1, 2 and 3

Answer: A

Notes:

Explanation:

Statement 1 is correct: NCLAT hears appeals from NCLT, IBBI, CCI, and NFRA.
Statement 2 is correct: NCLAT can regulate its procedure and its orders are enforceable like civil court decrees.
Statement 3 is incorrect: Civil courts have no jurisdiction over matters within NCLAT’s purview.

Source– TH