Discussion
The National Company Law Appellate Tribunal (NCLAT) is a _____
Answer: B
Correct answer: Judicial body
NCLAT is a judicial body - an appellate tribunal that hears appeals against orders of the NCLT and of the IBBI, presided over by a judge and deciding disputes between parties. A regulator such as SEBI or the RBI makes rules and supervises; NCLAT does neither.
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