The lenders of Essar Steel have told the Supreme Court that the NCLAT has misconstrued and misinterp...........

Static GK (SBI -PO) Banking Awareness

The lenders of Essar Steel have told the Supreme Court that the NCLAT has misconstrued and misinterpreted the provisions of the Insolvency and Bankruptcy Code (IBC) to such an extent that the statute itself has been literally rewritten. What is the full form of NCLAT?

National Company Law Appellate Terminal

National Company Law Appellate Tribunal

National Company Law Appellate Treaty

National Commission of Law Appellate Tribunal

None of these

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Explanation:

• The full form of NCLT is National Company Law Appellate Tribunal.
• It is a quasi-judicial body in India that adjudicates issues relating to Indian companies.

Hence option 2 is correct answer.