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9,000 cases pending before NCLT

DNMUM409668 | 3/14/2018 | Author : DNA Money Correspondent | WC :171



New Delhi: Over 9,000 insolvency cases are under consideration of the National Company Law Tribunal (NCLT), the government told the Parliament on Tuesday.
This includes 2,511 insolvency cases and 1,630 related to mergers and amalgamations.
Minister of Corporate Affairs PP Chaudhary told the Rajya Sabha that all the efforts are being made to dispose of the cases as per the time limits laid down in the Insolvency and Bankruptcy Code (IBC) as well as the in the Companies Act.
“Systems and procedures including electronic/information technology systems are being used extensively to ensure quick disposal of cases,” the minister said in a written reply.
NCLT is also dealing with 4,932 cases under various sections of the Compani
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