
Govt weighs more NCLT benches to clear insolvency backlog
NEW DELHI: Govt and the Insolvency & Bankruptcy Board of India have discussed a proposal for a sharp increase in the number of benches of the National Company Law Tribunal from 63 to 80-85. They are also considering adding 150-200 “special benches” for four to five years to deal with the backlog in insolvency cases.The…