10-March-2026
Insolvency
 
FinMin advises banks to speed up IBC resolutions
10-Mar-2026

The finance ministry has advised banks to take a collaborative approach in the resolution of pending Insolvency and Bankruptcy Cases (IBC) for asset value maximisation, improving recoveries, and ensuring time-bound objectives. Financial services secretary M. Nagaraju on Monday took a review meeting to monitor the progress in top IBC cases pending for admission and resolution at the National Company Law Tribunal (NCLT). "It was informed that twenty high-value accounts have been resolved through admission, assignment or disposal at NCLT with the coordinated efforts of all stakeholders," the ministry noted in a statement, adding that a detailed review of the top twenty accounts pending for admission and ten accounts pending for resolution was undertaken for early expedition.

News Source:- https://economictimes.indiatimes.com/news/economy/policy/finmin-advises-banks-to-speed-up-ibc-resolutions/articleshow/129350248.cms