The National Company Law Tribunal (NCLT) approved a record 107 resolution plans in the second quarter of financial year 2026–27, marking its highest quarterly performance since the tribunal's inception in 2017. According to tribunal data released on Wednesday, these plans involved an aggregate approved amount of over ₹11,000 crore between July and September. This represents a significant improvement from the 60 plans approved in the corresponding quarter of FY26, demonstrating the tribunal's enhanced efficiency in processing insolvency cases. The second quarter tally was 78% higher than the same quarter last year and even surpassed the previous quarterly high of 90 plans approved in October-December 2025. As reported by The Times of India, the value of cases approved during the September quarter was ₹11,000 crore, compared to ₹5,500 crore involved in the June quarter when 78 cases were approved.
The second quarter approvals bring the total number of resolution plans approved by NCLT in the first half of FY27 to 185, with 78 plans cleared in the April–June quarter. As reported by the tribunal, the cumulative number of resolution plans approved by NCLT benches since the implementation of the Insolvency and Bankruptcy Code (IBC) has now reached 1,735 as of September 30, 2026. This performance improvement comes despite ongoing challenges with member vacancies and infrastructure constraints. The 185 plans approved in the first six months of FY27 is equivalent to about 72% of the 257 plans approved during the entire FY26, indicating accelerated case disposal rates. According to The Times of India, this represents a significant improvement from the 257 cases approved during the entire FY26.
According to tribunal data, the Mumbai bench accounted for the highest number of approvals during the second quarter at 35, followed by the Principal Bench and New Delhi bench with 29 each. The Chandigarh bench approved nine plans, while the Ahmedabad bench cleared eight plans, the Indore bench six plans, and the Kolkata bench five plans. This distribution across different benches demonstrates the tribunal's effective case management across its national network. As reported by The Times of India, this performance was achieved despite the tribunal's operational challenges.
As of September 30, 294 resolution plans were pending consideration, while orders had been reserved in another 41 cases, taking the total number of matters at these two stages to 335. This represents a significant reduction from the 363 applications awaiting approval noted by the Supreme Court in April while considering concerns over delays in resolution plan approvals. The faster disposal of cases has brought down the backlog, though a large number of cases still remain pending. The tribunal attributed the improved performance to measures aimed at strengthening case-flow management and better utilisation of judicial resources. As reported by The Times of India, of the pending cases, orders have been reserved in 41 cases, with the Supreme Court, high courts and NCLAT ordering a stay in 24.
The tribunal continues to face a shortage of members with 14 vacancies against a sanctioned strength of 62 members, including the president. Since January 2025, no new member has been appointed to the tribunal beyond the president Justice Anupinder Singh Grewal. With four more members retiring by December, the tribunal faces further staffing challenges. Despite these constraints, the NCLT has introduced several digital initiatives including e-Inspection and e-Certified Copy services and implemented the revamped NCLT website and e-Courts 2.0. The tribunal remains focused on timely disposal and efficient case management while seeking to optimise available judicial and administrative resources. At the current pace, NCLT is likely to surpass the 288 plans approved in FY25, the highest annual number so far, though the tribunal faces the prospect of a moderation in the pace due to a large number of vacancies as reported by The Times of India.
