Explain the procedure for lodging of caveat before National Company Law Tribunal and what is the validity period of such caveat ?
CS Executive · Jurisprudence, Interpretation and General Laws · PYQS · December 2020
Explain the procedure for lodging of caveat before National Company Law Tribunal and what is the validity period of such caveat ?
Answer & Explanation:
Any person may lodge a caveat in triplicate in any appeal or petition or application that may be instituted before National Company Law Tribunal by paying the prescribed fee after forwarding a copy by registered post or serving the same on the expected petitioner or appellant and the caveat shall be in the form prescribed and contain such details and particulars or orders or directions, details of authority against whose orders or directions the appeal or petition or application is being instituted by the expected appellant or petitioner or applicant which full address for service on other side, so that the appeal or petition or application could be served before the appeal or petition or interim application is taken up: Provided, that the Tribunal may pass interim orders in case of urgency. The caveat shall remain valid for a period of ninety days from the date of its filing.
Topics: National Company Law Tribunal (NCLT)
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