Person aggrieved by order of NCLT want to seek remedy decide which of the option will be suitable ........

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

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Person aggrieved by order of NCLT want to seek remedy, decide which of the option will be suitable: -

File appeal to Appellate tribunal within 45 days,

File appeal to High Court within 60 days,

File appeal to Supreme Court within 60 days,

Go for Mediator and conciliation panel.

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Explanation:

Provisions as to appeal from Orders of NCLT:

Section 421 of the Companies Act, 2013 deals with the provisions relating to appeal against the orders of Tribunal. Accordingly,

(1) Any person aggrieved by an order of the Tribunal may prefer an appeal to the Appellate Tribunal.

(2) No appeal shall lie to the Appellate Tribunal from an order made by the Tribunal with the consent of parties.

(3) Every appeal shall be filed within a period of 45 days from the date on which a copy of the order of the Tribunal is made available to the person aggrieved:

Provided that the Appellate Tribunal may entertain an appeal after the expiry of the said period of 45 days from the date aforesaid, but within a further period not exceeding 45 days, if it is satisfied that the appellant was prevented by sufficient cause from filing the appeal within that period.