The Central Government shall, by notification, constitute, with effect from such date as may be specified therein, an Appellate Tribunal to be known as the National Company Law Appellate Tribunal consisting of a chairperson and such number of Judicial and Technical Members, not exceeding eleven, as the Central Government may deem fit, to be appointed by it by notification, for hearing appeals against the orders of the Tribunal.
(b) any direction, decision or order referred to in section 53N of the Competition Act, 2002 (12 of 2003) in accordance with the provisions of that Act.
Legal Commentary & Landmark Judgments: Section 410
Section 410 empowers the Central Government to constitute the National Company Law Appellate Tribunal (NCLAT) to hear appeals against the orders of the NCLT, Competition Commission of India (CCI), and National Financial Reporting Authority (NFRA).
When filing an appeal before NCLAT, verify that the appeal is lodged within the strict 45-day statutory limitation period under Section 421(3). If delayed, file an application for condonation under the proviso showing sufficient cause, bearing in mind that NCLAT has zero statutory power to condone delay beyond an additional 45 days.