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With reference to the National Company Law Tribunal (NCLT), which of the
following statements is Incorrect?
A
The National Company Law Tribunal is a quasi-judicial body in India that adjudicates issues relating to Indian companies.
B
The tribunal was established under the Companies Act 2013 and is
based on the recommendation of the Justice Jain committee.
C
The NCLT is also the adjudicating authority for insolvency resolution
process of companies and limited liability partnerships under the Insolvency and Bankruptcy Code, 2016.
D
Decisions of the tribunal can only be appealed to the Supreme Court of India on a point of law.