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NCLT helps recover Rs 80,000 crore in 2018; Kitty may cross Rs 1 lakh crore in 2019

Updated : December 27, 2018 12:07 PM IST

Plans are afoot to further strengthen the National Company Law Tribunal (NCLT) by increasing number of judges and benches and provide adequate infrastructure to fast-track the process, according to government officials.
The new year will not only test the mettle of the Insolvency and Bankruptcy Code (IBC), but also of the NCLT and its appellate body NCLAT, as several high-profile cases need to be resolved -- Essar Steel (involving over Rs 80,000 crore alone) and Bhushan Power & Steel (about Rs 45,000 crore due to its lenders) are just a few, experts said.
NCLT helps recover Rs 80,000 crore in 2018; Kitty may cross Rs 1 lakh crore in 2019
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