Secretary, DFS chairs a review meeting to monitor the progress of Public Sector Banks in clearing pending cases for NCLT -Banks advised to expedite the resolution process by minimising delays in filing CIRP applications. https://www.taxtmi.com/news?id=43321 The review directed public sector banks to expedite insolvency case admission at the National Company Law Tribunal by minimising delays in filing CIRP applications, avoiding unnecessary adjournments, keeping alternative recovery channels active, opposing frivolous delay tactics, and vacating stay orders; banks must regularly review top problem accounts and monitor resolution plans pending with Committees of Creditors beyond three months to strengthen coordinated recovery and resolution efforts. en-us Fri, 09 May 2025 11:33:55 +0530 Fri, 09 May 2025 11:33:54 +0530 TaxTMI RSS Generator Secretary, DFS chairs a review meeting to monitor the progress of Public Sector Banks in clearing pending cases for NCLT -Banks advised to expedite the resolution process by minimising delays in filing CIRP applications. https://www.taxtmi.com/news?id=43321 The review directed public sector banks to expedite insolvency case admission at the National Company Law Tribunal by minimising delays in filing CIRP applications, avoiding unnecessary adjournments, keeping alternative recovery channels active, opposing frivolous delay tactics, and vacating stay orders; banks must regularly review top problem accounts and monitor resolution plans pending with Committees of Creditors beyond three months to strengthen coordinated recovery and resolution efforts. News - Fri, 09 May 2025 11:33:55 +0530 https://www.taxtmi.com/news?id=43321