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

B To dispose of the appeal finally within six months from the date of the receipt of the appeal

C No such time limit is prescribed under the Act

D Discretion has been given to the NCLAT depending on facts

E None of the above

Detailed Solution