Amended and updated notes on section 423 of Companies Act 2013. Detail discussion on provisions and rules related to appeal to Supreme Court.
Chapter XXVII (Sections 407-434) of the Companies Act, 2013 (CA 2013) deals with the provisions related to National Company Law Tribunal and Appellate Tribunal i.e. NCLT and NCLAT. Section 423 of CA 2013 provides for appeal to Supreme Court.
Recently, we have discussed in detail section 422 (Expeditious disposal by Tribunal and Appellate Tribunal) of CA 2013. Today, we learn the provisions of section 423 of the Companies Act 2013.
The provisions of section 423 are effective from 1st June, 2016. You may refer Notification No. S.O. 1934(E) dated 1-06-2016. In this article, you will learn detail of the provisions of section 423 the Companies Act 2013.
| Name of Act | The Companies Act 2013 |
|---|---|
| Enacted by | Parliament of India |
| Administered by | Ministry of Corporate Affairs (MCA) |
| Number of Chapters | 29 |
| Number of Sections | 484 (470-43+57) |
| Number of Schedules | 7 |
| You are reading: | |
| Chapter No. | XXVII |
| Chapter Name | National Company Law Tribunal and Appellate Tribunal |
| Section No. | 423 |
| Section Name | Appeal to Supreme Court |
| Monthly Updated Edition | Company Law PDF |
Section 423 of Companies Act 2013: Appeal to Supreme Court
Section 423 shall come into force on 1st June, 2016 vide Notification No. S.O. 1934(E) issued dated 01.06.2016.
Any person aggrieved by any order of the Appellate Tribunal may file an appeal to the Supreme Court within sixty days from the date of receipt of the order of the Appellate Tribunal to him on any question of law arising out of such order:
Provided that the Supreme Court may, if it is satisfied that the appellant was prevented by sufficient cause from filing the appeal within the said period, allow it to be filed within a further period not exceeding sixty days.