valid as on 23/06/2024

27.4.56 National Company Law Appellate Tribunal Rules, 2016.

56. Award of costs in the proceedings.- (1) Whenever the Appellate Tribunal deems fit, it may award cost for meeting the legal expenses of the respondent or defaulting party.

(2) The Appellate Tribunal may in suitable cases direct appellant or respondent to bear the cost of litigation of the other side, and in case of abuse of process of court, impose exemplary costs on defaulting party.

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