India, March 9 -- The Government of India has issued a release:
Shri M. Nagaraju, Secretary, Department of Financial Services (DFS), chaired a review meeting today to monitor the progress in top Insolvency and Bankruptcy Cases (IBC) cases pending for admission and resolution at National Company Law Tribunal (NCLT). The meeting was attended by senior officials of DFS, the top management of Public Sector Banks and the Insolvency and Bankruptcy Board of India.
During the meeting, the progress on cases that have been admitted and rescued during the year was acknowledged. It was informed that twenty high value accounts have been resolved through admission/assignment/disposal at NCLT with the coordinated efforts of all stakeholders.
A detailed...