💠 It was constituted under Section 410 of the Companies Act, 2013.
Functions:
💠 It hears appeals against the orders of National Company Law Tribunal(s) (NCLT), with effect from 1st June, 2016.
💠 It is the Appellate Tribunal for hearing appeals against the orders passed by NCLT(s) under Section 61 of the Insolvency and Bankruptcy Code, 2016 (IBC).
Composition:
The President of the Tribunal and the chairperson and Judicial Members of the Appellate Tribunal shall be appointed after consultation with the Chief Justice of India.
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