Taking stock of NCLT cases so far
  • WebDesk BTVI
  • Mar 20 2019

The March 31st deadline for resolving the big 12 bad debt cases is days away. The Essar Steel case alone took over 600 days, while only Rs 95000 cr out of the bad debt of Rs 2,77,000 cr recovered so far. So, does the NCLT process stand? Have judicial delays and vested interests delayed the whole process? Operational creditors managed to dilute the original aim of the IBC?