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
Incorrect AnswerNational Company Law Appellate Tribunal
Correct AnswerNational Company Law Appellate Treaty
Incorrect AnswerNational Commission of Law Appellate Tribunal
Incorrect AnswerNone of these
Incorrect AnswerExplanation:
• 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.
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By: Munesh Kumari