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Question

Under the Insurance Act the appeal filed before the National Company Law Appellate Tribunal shall be dealt with by it as expeditiously as possible and endeavour shall be made by it ________________.

A To dispose of the appeal finally within three months from the date of the receipt of the appeal Correct Answer Incorrect Answer
B To dispose of the appeal finally within six months from the date of the receipt of the appeal Correct Answer Incorrect Answer
C No such time limit is prescribed under the Act Correct Answer Incorrect Answer
D Discretion has been given to the NCLAT depending on facts Correct Answer Incorrect Answer
E None of the above Correct Answer Incorrect Answer

Solution

To dispose of the appeal finally within six months from the date of the receipt of the appeal, Explanation: Section 61A Appeal to National Company Law Appellate Tribunal- (6) The appeal filed before the National Company Law Appellate Tribunal under sub-section (1) shall be dealt with by it as expeditiously as possible and endeavour shall be made by it to dispose of the appeal finally within six months from the date of the receipt of the appeal.

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