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National Company Law Appellate Tribunal (NCLAT)

The Supreme Court has reversed the NCLAT decision that had approved a settlement agreement between an edtech company and the Board of Control for Cricket in India (BCCI) for an outstanding payment.

Piyush Published On October 24th, 2024 Leave a comment

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Context

The Supreme Court has reversed the NCLAT decision that had approved a settlement agreement between an edtech company and the Board of Control for Cricket in India (BCCI) for an outstanding payment.

About NCLAT

It was constituted in 2016 under Section 410 of the Companies Act, 2013 for hearing appeals against the orders of the National Company Law Tribunal(s) (NCLT)
Benches: Principal Bench – New Delhi, Additional Bench – Chennai
Hears Appeals against orders passed by:
- National Company Law Tribunal (NCLT)
- Insolvency and Bankruptcy Board of India
- Competition Commission of India (CCI)
- National Financial Reporting Authority.
Composition:
- It is composed of a chairperson, judicial and technical members.
- These members are appointed by the Central Government.
Decisions of NCLAT can be appealed to the Supreme Court of India.

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Piyush

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Greetings! I'm Piyush, a content writer at StudyIQ. I specialize in creating enlightening content focused on UPSC and State PSC exams. Let's embark on a journey of discovery, where we unravel the intricacies of these exams and transform aspirations into triumphant achievements together!