New Delhi, April 29 -- More than 380 corporate turnaround plans, approved by creditors, are awaiting clearance from various National Company Law Tribunal (NCLT) benches, the Insolvency and Bankruptcy Board of India (IBBI) and the tribunal are set to inform the Supreme Court, according to two persons familiar with the development.

The submission of a status report comes after the apex court mandated NCLT Principal Bench, New Delhi, to provide information at the earliest on pending resolution applications, duration of pendency and reasons why these have not been adjudicated till date, the persons cited earlier said on the condition of anonymity.

The Supreme Court sought this information while hearing a dispute between AVJ Heights Apartmen...