New Delhi, May 9 (KNN) Financial Services Secretary M. Nagaraju chaired a review meeting on Thursday to assess the progress of Public Sector Banks in clearing pending cases awaiting admission at the National Company Law Tribunal (NCLT).
The meeting followed up on key issues aimed at enhancing the effectiveness of the insolvency resolution process.
Senior officials from the Department of Financial Services, Ministry of Corporate Affairs, Insolvency and Bankruptcy Board of India, and top management from Public Sector Banks attended the meeting.
The gathering conducted a thorough review of cases pending admission at NCLT. Banks received directives to accelerate the resolution process by reducing delays in filing Corporate…
