The NCLT Approves 107 Resolution Plans worth Rs 11,071.14 crore in the July to September 2026 quarter, the highest quarterly tally in its history, according to data released by the Tribunal.
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New Delhi: The National Company Law Tribunal (NCLT) has recorded its highest-ever quarterly performance in terms of approved resolution plans under the Insolvency and Bankruptcy Code, 2016, clearing 107 plans nationwide in the second quarter of FY 2026-27, even as a large share of its member posts remains vacant.
The figures are drawn from data released by the Tribunal for the quarter from July to September 2026. The NCLT has a Principal Bench in New Delhi and 15 regional benches.
Where the value sits
Five benches accounted for about Rs 10,416 crore, over 94% of the quarter’s total value, according to the Tribunal’s data:
- Mumbai: 35 plans, about Rs 4,199.47 crore
- Ahmedabad: 8 plans, about Rs 2,382.04 crore
- New Delhi (Principal Bench and New Delhi Bench combined): 29 plans, about Rs 1,648.34 crore
- Indore: 6 plans, about Rs 1,106.66 crore
- Chandigarh: 9 plans, about Rs 1,079.07 crore
The number of plans did not track their value. Jaipur approved a single plan worth about Rs 288.37 crore, while Kolkata approved five plans worth about Rs 27.28 crore in total.
How the quarter compares
Resolution plans approved in the second quarter of each recent financial year, as per the Tribunal’s data:
- FY 2026-27: 107
- FY 2025-26: 60
- FY 2024-25: 57
- FY 2023-24: 82
- FY 2022-23: 47
- FY 2021-22: 20
The Tribunal had approved 78 plans in April to June 2026, taking the first-half total for FY 2026-27 to 185. As of September 30, the cumulative number of plans approved by NCLT benches stood at 1,735.
Pendency and capacity
As of September 30, 294 resolution plans were pending consideration and orders were reserved in 41 matters. The Supreme Court had earlier this year taken note of pending applications for plan approval.
The Tribunal has 48 members against a sanctioned strength of 62, apart from the President. Thirteen benches function full-day and 18 function half-day. No new members have been appointed since January 2025, other than the present President, and four members are due to demit office by the end of the calendar year.
The Tribunal cited the redistribution of workload, the constitution of special benches and a new framework for case registration and listing as measures behind the performance. The new listing framework gives priority to older matters, including IBC admission applications and applications for approval of resolution plans.
Why it matters
Timely approval of resolution plans is central to the IBC’s promise of time-bound resolution, and the quarter’s figures show approvals rising well above the same quarter in each of the previous five years. At the same time, the data points to strain: with 294 plans still pending and vacancies across the member strength, the pace depends on a bench that is thinner than sanctioned, and four more members are due to leave by year end.
Source: Data released by the National Company Law Tribunal
Period: Second quarter of FY 2026-27 (July to September 2026)
Date: October 8, 2026