Question

Which Court or Authority has the power to punish any person for contempt of the National Company Law Tribunal:

• A. Supreme Court
• B. High Court
• C. National Company Law Appellate Tribunal
• D. National Company Law Tribunal

Hint:

Under the Companies Act 2013, the NCLT is given the status and powers of a High Court for the purpose of punishing for its own contempt. It has the power to maintain its own authority.

Answer 1

The Correct Option is D

Section 425 of the Companies Act, 2013, grants the National Company Law Tribunal (NCLT) and the National Company Law Appellate Tribunal (NCLAT) the same jurisdiction, powers, and authority in respect of contempt of themselves as the High Court has. This means the NCLT is empowered to initiate proceedings and punish for its own contempt, just like a court of record. It does not need to refer the matter to the High Court or Supreme Court.