DFS Secy urges state-run banks to fast-track pending IBC cases, tighten monitoring at NCLT
India’s finance ministry on Tuesday directed state-run banks to step up monitoring and accelerate the admission and resolution of pending bankruptcy cases at the National Company Law Tribunal (NCLT), warning that delays were slowing the corporate insolvency process. M. Nagaraju, Secretary in the Department of Financial Services (DFS), reviewed the status of cases under the…