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Insolvency cases involving nearly ₹10.5 lakh cr disposed of in 5 yrs: NCLT
short by Ashley Paul / on Sunday, 2 October, 2022
National Company Law Tribunal (NCLT) has disposed of insolvency cases amounting to nearly ₹10.5 lakh crore in last five years, said NCLT President Chief Justice (Retired) Ramalingam Sudhakar. Of the total, 23,608 cases amounting to ₹7.21 lakh crore have been settled before admission. Resolution plans have been approved in 565 cases, involving an amount of ₹3.03 lakh crore, Sudhakar added.
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