The National Company Law Tribunal (NCLT) cleared a record 107 corporate insolvency cases during the September‑December 2025 quarter, approving a total value of ₹11,000 crore.
Compared to the June quarter, when 78 cases were approved at ₹5,500 crore, the tribunal’s throughput more than doubled. Earlier in the year, the Mumbai bench had approved 35 resolution plans, followed by 29 from the principal bench and 29 from the New Delhi bench.
At the end of September, 335 cases remained pending across the tribunal’s 12 benches, down from 363 at the end of April. Orders have been reserved in 41 of those, while the Supreme Court, high courts and NCLAT have issued stays in 24.
The tribunal is 14 members short of its sanctioned strength of 62, with no new appointments since the start of 2025, aside from President Justice Anupinder Singh Grewal. A 26‑to‑22 judicial‑to‑technical ratio hampers bench formation, as each bench requires representation from both categories.
President Grewal has urged members to accelerate case clearance and will monitor bench performance nationwide. The tribunal is now pressing for a swift appointment process and training of new members to meet the growing backlog and maintain India’s insolvency framework.