Section 253 of the Companies Act, 2013
Section 253 of the Companies Act, 2013 – Power of Tribunal to Review its Decisions or Orders
🔹 Objective:
Section 253 gives the National Company Law Tribunal (NCLT) the power to review its own decisions or orders to correct any mistakes or reconsider matters within a specified time.
✅ Key Provisions:
The Tribunal may review any order or decision made by it.
The review can be done on its own motion or on an application filed by any party affected by the order.
The application for review must be made within 30 days from the date of the order.
The Tribunal can extend the time if it is satisfied that the applicant was prevented by sufficient cause from making the application within time.
📌 Purpose:
To provide a mechanism for correction of errors or reconsideration of important points.
Helps in ensuring fairness and justice in the Tribunal’s functioning.
Prevents the need for appeals or fresh litigation over procedural or inadvertent errors.
🧾 Summary Table:
| Feature | Description |
|---|---|
| Who can apply for review? | Any party affected by the Tribunal’s order or the Tribunal itself |
| Time limit | 30 days from the date of order |
| Extension of time | Allowed for sufficient cause |
| Purpose | Correct errors, reconsider decisions |
🔍 Related Sections:
Section 252 – Appeals from Tribunal orders.
Section 254 – Appeals to the National Company Law Appellate Tribunal (NCLAT).
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