Tribunal passed an order on 1 August 2018 Within some days it realised that it contained mistake app...........

Companies Act-Phase (I & II) NCLT & NCLAT

Tribunal passed an order on 1 August 2018. Within some days it realised that it contained mistake apparent from the record. Tribunal wanted to rectify the order. What is the time limit to rectify the order?

Within 1 year from the date of the order

Within 2 years from the date of the order

Within 3 years from the date of the order

Within 4 years from the date of the order

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Explanation:

Section 420(2) of the Companies Act, 2013 provides as under:
The Tribunal may, at any time within two years from the date of the order, with a view to rectifying any mistake apparent from the record, amend any order passed by it, and shall make such amendment, if the mistake is brought to its notice by the parties:
Provided that no such amendment shall be made in respect of any order against which an appeal has been preferred under this Act