Pending Company Law Board cases under Companies Act, 1956, move to NCLT per Section 434; appeals go to High Court.

Section 434 of the Companies Act, 2013 mandates the transfer of certain pending proceedings from the Company Law Board and courts to the National Company Law Tribunal (NCLT). All matters under the Companies Act, 1956, including winding-up cases, are transferred to the NCLT, except those reserved for orders by High Courts. Appeals against Company Law Board decisions can be filed in the High Court within 60 days. The Central Government is empowered to establish rules for the timely transfer of cases. Specific provisions address the transfer of proceedings related to the Insolvency and Bankruptcy Code and voluntary winding-up cases.

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