Q. Consider the following statements regarding the National Company Law Tribunal (NCLT):
1.It is a quasi-judicial authority dealing with corporate disputes of civil nature arising under the Companies Act, 2013.
2.It was constituted on the recommendations of the Balakrishna Eradi Committee.
3.It has the power to review/scrutinize its own orders and regulate its own procedure.
4.Appeals against NCLT decisions lie directly to the Supreme Court of India.
Which of the statements given above are correct?
Answer: A
Notes:
Explanation:
- Statement 1 is correct — NCLT is a quasi-judicial body under the Companies Act, 2013.
- Statement 2 is correct — It was established based on the Eradi Committee’s recommendations.
- Statement 3 is correct — It can review its own orders and regulate its procedure.
- Statement 4 is incorrect — Appeals first go to the National Company Law Appellate Tribunal (NCLAT), and then to the Supreme Court on a point of law.
Source- NIE
