NCLT records highest-ever quarterly performance in terms of approved resolution plans despite vacancies

The National Company Law Tribunal (NCLT) approved 107 resolution plans nationwide valued at ₹11,071.14 crore in the second quarter of 2026-27. The Tribunal has described this as its highest-ever quarterly performance since its establishment.

Five benches of the NCLT accounted for over 94 per cent of the value of all resolution plans approved across the country during the second quarter of financial year 2026-27, data released by the Tribunal shows.

The benches at Mumbai, Ahmedabad, New Delhi, Indore and Chandigarh together approved resolution plans worth about ₹10,416 crore between July and September 2026.

Mumbai accounted for the largest share, approving 35 resolution plans worth about ₹4,199.47 crore. Ahmedabad followed in value terms, with eight plans worth around ₹2,382.04 crore.

The Principal Bench and New Delhi Bench approved 29 plans worth approximately ₹1,648.34 crore. Indore approved six plans worth around ₹1,106.66 crore, while Chandigarh cleared nine plans worth approximately ₹1,079.07 crore.

Together, the five benches accounted for around 94 per cent of the total value of resolution plans approved during the quarter.

The NCLT has a nationwide network comprising the Principal Bench at New Delhi and 15 regional benches.

The data also reveals that the number of resolution plans approved by a bench did not necessarily correspond with their monetary value. Ahmedabad, for instance, approved only eight plans, less than a third of the 29 approved in Delhi. However, the aggregate value of plans approved in Ahmedabad was substantially higher.

Similarly, Jaipur approved only one resolution plan during the quarter, but it was worth about ₹288.37 crore. Kolkata, by comparison, approved five plans whose combined value was around ₹27.28 crore.

The figures came during what the NCLT described as its highest-ever quarterly performance since its establishment.

The 107 resolution plans approved between July and September were higher than the corresponding second-quarter figures in recent years. The Tribunal had approved 60 plans during the same quarter of FY 2025-26, 57 in FY 2024-25, 82 in FY 2023-24, 47 in FY 2022-23 and 20 in FY 2021-22.

Another 78 resolution plans were approved during April-June 2026, taking the total number of plans approved during the first half of FY 2026-27 to 185. As of September 30, the cumulative number of resolution plans approved by NCLT benches stood at 1,735.

The performance assumes significance against the backdrop of concerns over delays in approval of resolution plans. Earlier this year, the Supreme Court had taken note of the pendency of hundreds of applications seeking approval of resolution plans before NCLT benches.

According to the latest figures released by the Tribunal, 294 resolution plans were pending consideration as of September 30, while orders had been reserved in another 41 matters.

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.

The performance has also been recorded while the Tribunal continues to operate below its sanctioned member strength. NCLTs presently have 48 members against a sanctioned strength of 62, apart from the President. 13 benches are functioning on a full-day basis, while 18 are functioning on a half-day basis.

Significantly, no new members have been appointed to the NCLT since January 2025, apart from the appointment of the present President. Four more members are due to demit office by the end of the current calendar year.