Companies Act Section 423 — Appeal to Supreme Court

CHAPTER XXVII NATIONAL COMPANY LAW TRIBUNAL AND APPELLATE TRIBUNAL

Commercial / Corporate

Summary

Any person who is unhappy with an order passed by the Appellate Tribunal can file an appeal against it in the Supreme Court. This appeal must be filed within sixty days from the date the person receives the order from the Tribunal. The appeal can only be made on a question of law that arises out of the Tribunal's order.

However, the Supreme Court has the power to allow the appeal to be filed even after the sixty-day period has ended. This can happen if the Court is satisfied that the person was prevented from filing the appeal on time due to a sufficient cause. In such a case, the Court may permit the appeal to be filed within an additional period of up to sixty days.

Official Text

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.