New Delhi, Oct. 29 -- The Supreme Court has directed the Presidents of the National Company Law Tribunal (NCLT) and the National Company Law Appellate Tribunal (NCLAT) to submit a comprehensive proposal identifying infrastructure requirements and measures to improve the tribunals' functioning.

A bench comprising Chief Justice of India (CJI) Surya Kant and Justices Joymalya Bagchi and V. Mohana said the tribunal heads were best placed to identify the requirements needed to strengthen their day-to-day operations.

The Court asked them to outline measures to address existing deficiencies and improve the tribunals' functioning.

Court Flags Delays in Insolvency Resolution

The matter is being examined after the Supreme Court took suo motu co...