Section 423 of the Companies Act, 2013
📘 Section 423 – Appeal to Supreme Court
Companies Act, 2013
🔍 Provision Summary:
Section 423 provides the right to appeal to the Supreme Court of India against any order or decision of the National Company Law Appellate Tribunal (NCLAT).
⚖️ Key Features:
Who can appeal?
Any person aggrieved by a decision or order of the NCLAT.
Time limit for appeal:
The appeal must be filed within 60 days from the date of receipt of the order of NCLAT.
The Supreme Court may allow a further period of 60 days if it is satisfied that the appellant was prevented by sufficient cause from filing the appeal in time.
Grounds of appeal:
The appeal should be on questions of law, not on facts.
🧾 Legal Text (Simplified):
Any person aggrieved by any order of the NCLAT may file an appeal to the Supreme Court within 60 days. The Court may, if satisfied with the cause of delay, allow it to be filed within a further period not exceeding 60 days.
📌 Important Notes:
This section ensures judicial oversight over decisions of the NCLAT.
It helps maintain the rule of law and provides an avenue of final appeal in company law matters.
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