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.
