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Kaveri Textiles Ltd. is aggrieved by an order of the National Company Law Tribunal (NCLT) passed under the Companies Act, 2013. To which forum does the company's appeal lie first?

An appeal against an NCLT order lies first to the National Company Law Appellate Tribunal. Only after that can a further appeal on a question of law go to the Supreme Court. High Courts and SAT are not the first appellate forum here.

  1. AHigh Court of the state where the company is registered
  2. BSupreme Court directly
  3. CNational Company Law Appellate TribunalCorrect
  4. DSecurities Appellate Tribunal

Explanation

Appeals against NCLT orders lie to the National Company Law Appellate Tribunal (NCLAT). A further appeal on a question of law goes from NCLAT to the Supreme Court. The High Court is not the first appellate forum, and SAT hears appeals against SEBI orders, so these options are wrong.

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