SC takes suo motu cognisance of delay in approval of resolution plans by NCLT
The Supreme Court has taken suo motu cognisance of delays in the approval of resolution plans by National Company Law Tribunal (NCLT) benches across India, citing a grim situation that risks undermining the Insolvency and Bankruptcy Code. The court highlighted shortages in manpower and infrastructure as key contributors to the backlog and directed the matter be placed before the Chief Justice for appropriate assignment. It reviewed data showing 383 pending applications with delays ranging from over a month to more than 700 days.
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SC takes suo motu cognisance of delay in approval of resolution plans by NCLTSC takes suo motu cognisance of delay in approval of resolution plans by NCLTPublished on: Apr 30, 2026 2:09 PM ISTPTIShare viaCopy link New Delhi, Terming the situation "grim", the Supreme Court has taken suo motu cognisance of the delay in approval of resolution plans by the National Company Law Tribunal benches.SC takes suo motu cognisance of delay in approval of resolution plans by NCLTA resolution plan is a statutory proposal under the Insolvency and Bankruptcy Code designed to revive a distressed company through restructuring or takeover.A bench of Justices J B Pardiwala and K V Viswanathan on Wednesday also flagged the shortage of manpower and infrastructure in the NCLT benches across the country.The bench…
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