NCLT Approves Record 107 Resolution Plans in Q2 FY27
The NCLT has set a new milestone by approving 107 resolution plans in Q2 FY27, totaling over Rs 11,000 crore in value.
The National Company Law Tribunal (NCLT) has achieved a historic milestone, approving a record 107 resolution plans during the second quarter of the 2026-27 financial year. This marks the highest number of plans cleared by the tribunal in any single quarter since its inception, signaling a massive surge in the resolution of insolvency cases.
The approved plans for the July-September 2026 period involve an aggregate value exceeding Rs 11,000 crore. This performance represents a dramatic leap compared to previous years, where the tribunal approved only 60 plans in the corresponding quarter of FY26 and 57 in Q2 FY25. It also comfortably surpassed the previous quarterly high of 82 plans set in Q2 FY24.
A Strong Start to the Financial Year
The momentum for the NCLT has been consistent throughout the current fiscal year. Following the approval of 78 resolution plans in the first quarter of FY27, the tribunal has cleared a total of 185 plans in the first half of the year alone.
Since its establishment, the cumulative number of resolution plans approved across all NCLT benches has reached 1,735 as of September 30, 2026. The total aggregate value of these approved plans stands at a staggering Rs 4.89 lakh crore.
Efficiency Gains and Administrative Reforms
The tribunal noted that this spike in approvals is accompanied by a steady stream of new applications. Currently, 294 plans are pending consideration, while orders have been reserved in 41 cases, bringing the total matters at these stages to 335. Notably, this is a decrease from the 363 applications awaiting approval that were noted by the Supreme Court in April 2026.
The NCLT attributed this improved efficiency to several strategic administrative and institutional measures, including:
- Enhanced Case-Flow Management: Strengthening the way cases move through the system.
- Streamlined Registry Processes: Making the registration and documentation more efficient.
- Real-Time Monitoring: Implementing a mechanism to track pendency and disposal in real-time, allowing for the redistribution of cases across its 16 benches.
- Structured Framework: A new system for registration and listing that prioritizes older pending matters, specifically Insolvency and Bankruptcy Code admission cases.
Capacity Constraints and Vacancies
Despite the record-breaking numbers, the tribunal continues to grapple with significant human resource challenges. While the sanctioned strength of the NCLT is 62 members (plus the President), the current working strength is only 48 members, leaving 14 positions vacant.
The workload remains heavy, with 13 courts operating on a full-day basis and 18 on a half-day basis. The pressure on the existing members is expected to increase, as four additional members are scheduled to retire by the end of 2026.