New Delhi, July 14 -- A decade after the Insolvency and Bankruptcy Code (IBC) promised faster resolution of stressed companies, India's insolvency tribunal has delivered its strongest quarterly performance yet. The National Company Law Tribunal (NCLT) approved a record 78 resolution plans worth Rs.5,517.66 crore in the April-June quarter, despite grappling with vacancies and a mounting case backlog.

The milestone comes weeks after the IBC completed a decade since receiving the President's assent on 28 May 2016.

According to the tribunal's report, Performance of the National Company Law Tribunal under the Insolvency and Bankruptcy Code- First Quarter (April-June 2026), released on 13 July, the number of resolution plans approved during t...