Companies Act

Section 421. Appeal From Orders Of Tribunal

(1) Any person aggrieved by an order of the Tribunal may prefer an appeal to the Appellate Tribunal.

---

(2) No appeal shall lie to the Appellate Tribunal from an order made by the Tribunal with the consent of parties.

---

(3) Every appeal under sub-section (1) shall be filed within a period of forty-five days from the date on which a copy of the order of the Tribunal is made available to the person aggrieved and shall be in such form, and accompanied by such fees, as may be prescribed:

---

Provided that the Appellate Tribunal may entertain an appeal after the expiry of the said period of forty-five days from the date aforesaid, but within a further period not exceeding forty-five days, if it is satisfied that the appellant was prevented by sufficient cause from filing the appeal within that period.

---

(4) On the receipt of an appeal under sub-section (1), the Appellate Tribunal shall, after giving the parties to the appeal a reasonable opportunity of being heard, pass such orders thereon as it thinks fit, confirming, modifying or setting aside the order appealed against.

---

(5) The Appellate Tribunal shall send a copy of every order made by it to the Tribunal and the parties to appeal.