September 4, 2026
#Business

NCLT helps recover Rs 80,000 crore in 2018

Tasked with a key job of helping recover unpaid corporate loans, the National Company Law Tribunal has helped resolve insolvency and bankruptcy proceedings involving more than Rs 80,000 crore in the year passing-by and the kitty is expected to swell beyond Rs 1 lakh crore in 2019 with several big-ticket default cases pending.

Plans are afoot to further strengthen the NCLT by increasing number of judges and benches and provide adequate infrastructure to fast-track the process.

NCLT helps recover Rs 80,000 crore in 2018

Sensex, Nifty open in red as financials