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Nclt: At 107, National Company Law Tribunal OKs record insolvency cases


At 107, National Company Law Tribunal OKs record insolvency cases
NCLT clears record 107 resolution plans (representative image)

NEW DELHI: The National Company Law Tribunal (NCLT) approved a record 107 corporate insolvency cases during the last quarter, but stares at the prospect of a moderation in the pace due to a large number of vacancies.Data released by NCLT estimated the value of cases approved at Rs 11,000 crore during the Sept quarter, as against Rs 5,500 crore involved in the June quarter when 78 cases were approved. During Oct-Dec 2025, the tribunal had approved 90 cases, the previous high. Since April 2017, it has cleared 1,735 cases with 185 approved so far this fiscal, as against 257 during 2025-26.During the last quarter, the Mumbai bench approved 35 resolution plans, followed by 29 by the principal bench and the New Delhi bench.At the end of Sept, there were 335 pending cases across its 12 benches, as against 363 in April-end. Of the pending cases, orders have been reserved in 41 cases, with the Supreme Court, high courts and NCLAT ordering a stay in 24.With no member appointed since the start of 2025, barring the president Justice Anupinder Singh Grewal, NCLT is 14 members short of the sanctioned strength of 62, with four more retiring by Dec.“As a result, 13 courts are functioning on a full-day basis and 18 on a half-day basis,” said NCLT.It is also facing another challenge — the ratio between judicial and administrative strength. Judicial members currently outnumber technical members 26 to 22, making it difficult to constitute benches as each bench requires representation from both categories. While govt has initiated the process of selecting new members, the exercise is time-consuming and members also have to undergo training after they join.The tribunal is urging members to clear cases at a faster pace with the president also monitoring the performance of the benches across the country.



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