Section 421 of CA 2013 : Section 421: Appeal From Orders Of Tribunal
CA 2013
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Explanation using Example
Imagine a scenario where a company, XYZ Private Limited, is aggrieved by a decision of the National Company Law Tribunal (NCLT) which has ordered the company to pay a substantial fine for non-compliance with certain provisions of the Companies Act, 2013. The directors of XYZ Private Limited believe that the NCLT has misinterpreted the law and that the fine is unjust.
Under Section 421(1) of the Companies Act, 2013, XYZ Private Limited has the right to file an appeal against the...
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