Indian Masterminds Stories
New Delhi: The Supreme Court suo motu case on NCLT delays has brought fresh attention to the slow approval process of corporate resolution plans in India. Acting on an official report, the Supreme Court of India has taken suo motu cognisance of delays by the National Company Law Tribunal (NCLT).
The Court noted that multiple resolution plans under the Insolvency and Bankruptcy Code (IBC) remain pending for approval, raising concerns about efficiency, investor confidence, and timely debt resolution.
Why the Supreme Court Stepped In
The apex court relied on a report submitted by the Registrar of the NCLT’s Principal Bench.
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