The National Company Law Tribunal (NCLT) has admitted 110 cases for corporate insolvency resolution, Insolvency and Bankrupcy Board of India’s Chairperson M.S. Sahoo said on Friday.
The default amount ranges from a few lakhs of rupees to Rs 6,000 crore, he said on the sidelines of an event organised here by the Merchants’ Chamber of Commerce.
Pointing out that high value cases were also coming to the tribunal, Sahoo said the board had notified the fast-track insolvency resolution process on Thursday.
Regulations provide for initiation of insolvency resolution of eligible corporate debtors till its conclusion with an approval of the resolution plan by the adjudicating authority.
“The process in these case…
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