NCLT approved record 269 resolution plans in FY24

The National Company Law Tribunal (NCLT) approved a record 269 resolution plans under the insolvency law in 2023-24. This marks a 42 percent increase from the previous year, according to a report by Crisil Ratings. This surge was largely due to a greater investor interest in the turnaround of stressed assets and the appointment of new NCLT members.