CS Professional · Drafting, Pleadings and Appearances · Applications, Petitions and Appeals under Companies Act, 2013
Mr Raghavan, a retired Judge of the Supreme Court, is proposed as Chairperson of the Appellate Tribunal, and Mr Iyer, who has been a Judicial Member of the Tribunal for five years but never a High Court Judge, is proposed as a Judicial Member of the Appellate Tribunal. Which is correct under section 411?
Both are eligible. A present or former Supreme Court Judge qualifies as Chairperson, and a person who is a Judicial Member of the Tribunal for five years qualifies as a Judicial Member of the Appellate Tribunal, even without being a High Court Judge.
- ABoth are ineligible
- BRaghavan is eligible as Chairperson, but Iyer is ineligible because only High Court Judges can be Judicial Members
- CRaghavan is eligible as Chairperson, and Iyer is eligible as a Judicial Member because he has been a Judicial Member of the Tribunal for five yearsCorrect
- DIyer is eligible but Raghavan is ineligible as Chairperson must be a High Court Chief Justice
Explanation
Section 411(1) allows a person who is or has been a Judge of the Supreme Court, or Chief Justice of a High Court, to be Chairperson. Section 411(2) allows a Judicial Member to be a person who is or has been a High Court Judge or is a Judicial Member of the Tribunal for five years. Both qualify.
Did you get it right without looking?
One question tells you little. A timed set on Applications, Petitions and Appeals under Companies Act, 2013 shows your real accuracy, how long you take and where you lose marks.
More Applications, Petitions and Appeals under Companies Act, 2013 questions
- The Central Government wants to remove a Member of the Appellate Tribunal for alleged proved misbehaviour. Which procedure follows section 4…
- Section 303 begins by saying that nothing in 'this Chapter' shall affect certain orders. Mehra Alloys Ltd was ordered to be wound up by a Co…
- A Court wound up Sagar Chemicals Ltd just before the 2013 Act commenced. A contributory wishes to appeal after commencement. Before which fo…
- Counsel for a creditor of Modi Steels Ltd argues that, because the Act has commenced, a pre-commencement winding-up order cannot be enforced…
- Sagar Steels Ltd's counsel is drafting the prayer in a petition before the NCLT. The company wants an exemption granted. Under the Act, how …
- Himalaya Foods Pvt Ltd drafts an application seeking the Tribunal's approval for a matter. The draft prays that the approval be granted 'wit…