Section 254 of the Companies Act, 2013
🔹 Section 254 of the Companies Act, 2013
Title: Appeal from Orders of the Tribunal
✅ Overview:
Section 254 provides the right to appeal against orders passed by the National Company Law Tribunal (NCLT).
🔍 Key Provisions:
(1) Any person aggrieved by an order made by the Tribunal (NCLT) may file an appeal to the National Company Law Appellate Tribunal (NCLAT).
The appeal must be filed within 45 days from the date of receipt of the order.
The Appellate Tribunal may admit the appeal after the expiry of the said period if it is satisfied that there was sufficient cause for not filing it within time.
(2) No appeal shall lie from an order of the Appellate Tribunal (NCLAT) except as provided under the Companies Act or any other law.
(3) The Central Government may, by notification, specify other matters in which an appeal may lie to the Appellate Tribunal.
📝 Summary:
| Point | Details |
|---|---|
| Tribunal | National Company Law Tribunal (NCLT) |
| Appellate Authority | National Company Law Appellate Tribunal (NCLAT) |
| Appeal period | 45 days from receipt of order |
| Extension of time | Allowed on sufficient cause |
| Further appeal | Only as provided under law |
📌 Context:
This section ensures a mechanism for review and correction of Tribunal decisions related to company law matters.
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