Explanation:

The National Company Law Tribunal has the power under the Companies Act to adjudicate proceedings:

• Initiated before the Company Law Board under the previous act (the Companies Act 1956);
• Pending before the Board for Industrial and Financial Reconstruction, including those pending under the Sick Industrial Companies (Special Provisions) Act, 1985;
• Pending before the Appellate Authority for Industrial and Financial Reconstruction; and
• Pertaining to claims of oppression and mismanagement of a company, winding up of companies and all other powers prescribed under the Companies Act.