NCLT Approves Record 107 Resolution Plans Worth Rs 11071 Crore In Q2fy27
The improvement came despite a continuing inflow of applications seeking approval of resolution plans: The National Company Law Tribunal (NCLT)
MUMBAI: The National Company Law Tribunal (NCLT) reported its strongest-ever quarterly performance in Q2 FY2027 since its inception under the Insolvency and Bankruptcy Code (IBC) approving 107 resolution plans worth Rs 11,071 crore, surpassing 60 plans approved in Q1 FY2026 according to the data released by the tribunal.
The recovery amount was also higher in Q2 FY2027 as more large ticket size cases were approved. The number of plans approved in H1 FY2027 stood at 185, up around 80 per cent from 105 in H1 FY2026.
As on September 30, 2026, the NCLT had approved a cumulative 1,735 resolution plans since the IBC’s enactment, involving an aggregate approved value of Rs 4.89 lakh crore, while 294 resolution plan applications remained pending and 41 matters were reserved for orders.
Says Ashish Pyasi, managing partner, Aendri Legal, “In most of the plan applications, there are objections raised by some stakeholders and it takes time to decide. However, in recent months, the various benches of the tribunal are keeping the plan applications on priority which is leading to faster resolution. This will result in faster recovery and resolution for the stakeholders.”
The NCLT said the improvement came despite a continuing inflow of applications seeking approval of resolution plans.
The NCLT said that it has taken a series of measures to improve case-flow management and make better use of available judicial resources. These include redistribution of workload, constitution of special benches and the introduction of a new framework for registration and listing of cases.
The new listing framework gives priority to older pending matters, including applications for admission under the Insolvency and Bankruptcy Code (IBC) and applications seeking approval of resolution plans.
However, the tribunal continues to face staffing constraints, operating with 14 vacancies.
“This could dampen the momentum through the rest of FY2027, especially in light of the fact that it is currently functioning with only 77 per cent of its sanctioned strength and four more members are due to demit office by the end of December 2026,” said ICRA.