Review Meeting on Pending IBC Cases at NCLT

The Secretary of the Department of Financial Services chaired a review meeting to address pending IBC cases at the NCLT. Emphasis was placed on adhering to timelines for the admission of corporate insolvency resolution process (CIRP) applications and resolving cases. Chief Executives of Public Sector Banks were instructed to monitor key pending cases and ensure a coordinated approach for efficient resolution. The meeting highlighted the need for banks to expedite the resolution process and collaborate effectively with stakeholders.

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