Ministry of Finance's DFS Takes Steps to Expedite NCLT Cases
The Ministry of Finance's Department of Financial Services, led by Secretary Shri M. Nagaraju, held a meeting with senior officials and the top management of Public Sector Banks to review the progress of pending insolvency and bankruptcy cases at the National Company Law Tribunal. The meeting focused on expediting resolution and addressing procedural inefficiencies to enhance recovery outcomes. Significant progress was noted, with twenty high-value accounts resolved through the collaboration of all stakeholders.
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