The NCLAT was formed as a body with an appellate jurisdiction at the same time when NCLT was established as a major reform as per powers granted to the Ministry of Corporate Affairs in India.
It also hears appeals from any direction issued, decision made, or order passed by the Competition Commission of India (CCI) and the National Financial Reporting Authority (NFRA).
The decisions of National Company Law Appellate Tribunal are appealable in the Supreme Court of India.
National Company Law Appellate Tribunal has principle bench in Delhi and other one in Chennai.
[3] Ashok Bhushan, retired judge of Supreme Court is the current chairman of National Company Law Appellate Tribunal.