Archive · 9 Oct 2026
NCLT Clears Record 107 Resolution Plans Worth Rs 11,071 Crore
The National Company Law Tribunal, or NCLT, decides whether plans for resolving struggling companies can be approved.
From July to September 2026, it approved 107 plans worth Rs 11,071 crore.
This was its highest number of approvals in one quarter.
The total was higher than the same quarter a year earlier and above its previous quarterly record.
NCLT approved 185 plans in the first half of the financial year and 1,735 since it was established.
By the end of September, 294 plans were still waiting for approval, and orders in 41 more cases had been reserved.
NCLT said it improved how cases are managed and how tribunal resources are used.
However, it has fewer members than its approved staffing level, and four members were due to retire by the end of 2026.
NCLT approved 107 resolution plans worth Rs 11,071 crore in July-September FY27, its highest quarterly tally.
The total was 78% above the 60 plans approved in the same quarter a year earlier and exceeded the previous quarterly high of 90.
NCLT approved 185 plans in the first half of FY27, bringing cumulative approvals since its establishment to 1,735.
Pending applications for plan approval fell from 363 in April to 294 by September 30; orders were reserved in 41 additional matters.
NCLT cited case-management improvements, while reporting a staffing shortfall of 14 members and four members due to retire by year-end.
- Who
- The National Company Law Tribunal (NCLT).
- What
- It approved a record 107 resolution plans worth Rs 11,071 crore in Q2 FY27.
- When
- July-September 2026; figures were reported as of September 30.
- Where
- India.
- Why
- NCLT attributed the improvement to better case-flow management, streamlined Registry processes and more effective use of judicial resources.
Faster resolution
Capacity concerns
Approval pace
Faster resolution
NCLT approved a record 107 plans in the quarter, and pending applications fell from 363 in April to 294 by September-end.
Capacity concerns
294 applications were still awaiting approval, with orders reserved in another 41 matters.
Case management and staffing
Faster resolution
NCLT cited workload redistribution, special benches, revised listing practices and closer monitoring as steps to improve case handling.
Capacity concerns
The tribunal had 48 members against 62 sanctioned posts, and four members were due to retire by the end of 2026. ICRA warned the shortage could dampen momentum.
- Quarterly approvals
- 107 plans in Q2 FY27
- Approved value
- Rs 11,071 crore
- Year-over-year change
- 78% higher than the 60 plans approved in Q2 FY26
- Previous quarterly high
- 90 plans, approved in October-December 2025
- First-half approvals
- 185 plans in H1 FY27
- Cumulative approvals
- 1,735 plans since NCLT was established
- Pending matters
- 294 applications awaiting approval and 41 matters with orders reserved at September-end
- Staffing
- 48 members—26 judicial and 22 technical—against a sanctioned strength of 62
