Mr G was found indulged in activities of money laundering During the proceedings order was made by t...........

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

Mr. G was found indulged in activities of money laundering. During the proceedings order was made by the Tribunal. But he was aggrieved by the order made by Tribunal and filed appeal before the Appellate Tribunal. Further, the order was made by the Appellate Tribunal. Again he was aggrieved by the order made by the Appellate Tribunal. What can be the next course of action?

File an Appeal to the High Court

Accept the order and pay Fine

File an appeal to the Sessions Court

File an appeal to the Supreme Court

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Explanation:

The National Company Appellate Tribunal is an authority which deals with the appeals arising out of the decision of the NCLT. It is basically an intermediate appellate authority for rectifying the errors of the NCLT. The decision of the Appellate Tribunal can further be challenged before the Supreme Court. Any party who is dissatisfied with the order of the NCLT can appeal before The Appellate Tribunal. The Appellate Tribunal will further review the decision of the Tribunal and set aside/modify or affirm it.