On average, resolution of cases under IBC took 716 days at NCLT in 2023-24: Govt

Insolvency resolution at the National Company Law Tribunal averaged 716 days in the last fiscal, up from 654 days in 2022-23. Delays beyond the stipulated 330 days were mainly due to litigation. The corporate affairs ministry revealed percentage variations in realisable amounts, indicating persistent issues in the resolution process.