The National Company Law Tribunal (NCLT) approved a record number of corporate insolvency resolution plans (CIRPs) in the first quarter of FY27, even as it continued to grapple with a shortage of members and a large pipeline of pending cases awaiting final approval. Between April and June 2026, the tribunal approved 78 resolution plans – its highest-ever tally for the first quarter since the insolvency and bankruptcy code (IBC) came into effect in 2016 – which is 34% higher than 58 plans cleared in the corresponding period last year. The approved plans involved assets worth Rs 5,517.7 crore, as per an official note.