Section 61A of IA : Section 61A: Appeal To National Company Law Appellate Tribunal

Explanation using Example

Imagine a scenario where an insurance company denies a claim made by an individual, Mr. Sharma, for damages to his property. Mr. Sharma feels that the denial is unjust and challenges the decision before the Insurance Tribunal. The Tribunal reviews the case but upholds the insurance company's decision. Mr. Sharma, still believing that the decision is unfair, decides to appeal against the Tribunal's order.

According to Section 61A of the Insurance Act, 1938, Mr. Sharma has the right to file an appeal to the National Company Law Appellate Tribunal (NCLAT) w...

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