A parliamentary panel recommends setting up dedicated insolvency benches for the National Company Law Tribunal (NCLT) to speed up resolution of cases under India’s Insolvency and Bankruptcy Code (IBC). The panel bases its recommendation on operational constraints within the tribunal that affect the timely handling of insolvency matters.
According to the NCLT’s submission to the panel, its sanctioned strength is 62 members and it has remained unchanged since the tribunal’s inception. The tribunal’s jurisdiction, however, has expanded substantially since the IBC was enacted, increasing the volume and scope of matters it handles. This mismatch between fixed staffing and broader responsibilities is presented as a key reason for delays.
Across the coverage, the core focus remains consistent: improving capacity for insolvency proceedings through structural changes to how NCLT benches handle IBC-related work. While outlets emphasize different aspects of the tribunal’s capacity and jurisdiction, they align on the central proposal to dedicate benches to insolvency to improve case resolution timelines.
