New Delhi, Nov. 25 -- The Secretary, Department of Financial Services (DFS), M. Nagaraju, chaired a review meeting today to discuss the issues related to pending IBC cases. Senior officials of DFS, the Insolvency and Bankruptcy Board of India and the top management of Public Sector Banks attended the meeting, as per a press release from the Ministry of Finance.

Progress on the cases that were admitted at NCLT, those which were resolved at NCLT and the ones disposed of outside the IBC was acknowledged. The review of major cases awaiting admission and resolution at the NCLT benches was undertaken. Secretary (DFS) emphasised that the timelines in the admission of corporate insolvency resolution process (CIRP) applications and resolution of ...