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Informist, Monday, Mar. 9, 2026

 

NEW DELHI – Department of Financial Services Secretary M. Nagaraju on Monday chaired a review meeting to monitor the progress in top pending cases under te Insolvency and Bankruptcy Code. According to a government release, 20 high-value accounts have been resolved at the National Company Law Tribunal with the coordinated efforts of all stakeholders.

The meeting was attended by senior officials of the Department of Financial Services, top management of public sector banks and the Insolvency and Bankruptcy Board of India, the release said. Issues related to pending insolvency and bankruptcy cases were addressed during the meeting. Banks were advised to take a collaborative approach in resolution of pending cases for asset value maximisation, improving recoveries, and ensuring time-bound objectives, it said.

 

Banks were also urged to increase their efforts to minimise the number of adjournments and delays in filing Corporate Insolvency Resolution Process applications. Public sector banks have been advised to keep monitoring the top cases pending for admission and resolution.  End

 

Reported by Sagar Sen

Edited by Avishek Dutta

 

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