Q. With reference to National Company Law Appellate Tribunal (NCLAT) consider the following statements:
1.It is a tribunal formed by the Central Government of India under the Companies Act, 2013.
2.It hears appeals against any direction or order issued by the Competition Commission of India (CCI).
Select the correct statements using the codes given below:

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: C
Notes:

Explanation –

Statement 1 and 2 are correct. NCLAT is a tribunal which was formed by the Central Government of India under Section 410 of the Companies Act, 2013. It hears appeals against any direction issued by the Competition Commission of India (CCI).

Source: The Indian Express