The National Company Law Tribunal (NCLT) has delivered its strongest-ever opening quarter performance since the launch of the Insolvency and Bankruptcy Code (IBC) in 2016. During the three months ending June, the tribunal greenlit 78 distinct debt resolution plans, unlocking an aggregate value of ₹5,517.66 crore.
Key Numbers at a Glance
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A New Milestone: The 78 approved cases surpass the previous first-quarter record of 73 approvals set during the same period in 2024.
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Cumulative Progress: With this quarter’s push, the NCLT has approved a total of 1,628 resolution plans to date, recovering an aggregate value exceeding ₹4.78 lakh crore for creditors under the market-linked framework.
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The Backlog: Despite the progress, the pressure remains high. As of June 30, a total of 349 applications for resolution plan approvals are still pending across various regional benches, with 38 of those cases already heard and waiting for final orders.
Operational Challenges Ahead While performance has surged, the tribunal is facing a tightening talent shortage. The NCLT is currently functioning with a President, 26 Judicial Members, and 25 Technical Members—well below its full sanctioned strength of 63 officials (1 President, 31 Judicial, and 31 Technical members). The gap stems from a complete freeze on new member appointments since January 2025, with the exception of appointing Justice (Retd) Anupinder Singh Grewal as the tribunal’s President.
