The Ministry of Corporate Affairs (MCA) has informed the Rajya Sabha that as of March 2025, a total of 6,988 cases were pending under the Insolvency and Bankruptcy Code (IBC), indicating a significant backlog in the National Company Law Tribunals (NCLTs). The data was shared in response to a question raised by MP Shri Raghav Chadha.
The government revealed that while 1,194 Corporate Insolvency Resolution Processes (CIRPs) have been successfully resolved, they took an average of 597 days to conclude—well beyond the stipulated timeline, even after excluding periods exempted by adjudicating authorities.
In response to concerns about delays and inefficiencies, Minister of State for Corporate Affairs Harsh Malhotra stated that the government has undertaken multiple measures to streamline the resolution process. These include six legislative amendments to the IBC and over 100 regulatory updates to improve procedural efficiency.
Other steps include the implementation of e-court and hybrid court systems, regular capacity-building colloquiums, and infrastructural support. However, the Minister clarified that there is currently no proposal to increase the number of NCLT benches or members to handle the rising caseload.
To strengthen institutional capacity, the Ministry continues to conduct training for NCLT and NCLAT members, insolvency professionals, and other stakeholders. The focus remains on ongoing systemic upgrades and vacancy fillings to tackle the increasing burden under the IBC framework.
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