https://www.taxtmi.com/news?id=72591 Delay in approval of resolution plans by NCLT benches under the Insolvency and Bankruptcy Code has been taken up by the Supreme Court on a suo motu basis. The Court flagged shortage of manpower and infrastructure in the NCLT system and noted a large backlog of pending approval applications nationwide, with delays extending beyond 700 days. The matter was directed to be placed before the Chief Justice of India for assignment to an appropriate bench. en-us Thu, 30 Apr 2026 14:16:04 +0530 Thu, 30 Apr 2026 14:16:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=72591 Delay in approval of resolution plans by NCLT benches under the Insolvency and Bankruptcy Code has been taken up by the Supreme Court on a suo motu basis. The Court flagged shortage of manpower and infrastructure in the NCLT system and noted a large backlog of pending approval applications nationwide, with delays extending beyond 700 days. The matter was directed to be placed before the Chief Justice of India for assignment to an appropriate bench. News - Thu, 30 Apr 2026 14:16:04 +0530 https://www.taxtmi.com/news?id=72591