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Supreme Court seeks data on NCLT delays in resolution plans

The Supreme Court is addressing significant delays in approving resolution plans at the National Company Law Tribunal. It has directed the Insolvency and Bankruptcy Board of India and the NCLT to provide nationwide data on pending applications and reasons for the hold-ups. This action follows a two-year delay in approving a plan for AVJ Developers.

21 Apr 2026 12:24 am