Supreme Court warns NCLT delays are trapping companies for years

Hundreds of cases sit pending, some nearing four years

The Supreme Court has taken suo motu cognisance of severe delays at the NCLT, where approval of resolution plans is getting stuck. It flagged hundreds of pending applications with timelines stretching up to four years, citing inadequate infrastructure and shortages of members as major drivers. The move raises pressure for faster, more reliable insolvency outcomes.