NCLT: Highest Quarterly Resolution Plans Approved in Q2 2026-27

• The National Company Law Tribunal approved 107 resolution plans in Q2 2026-27, valued at ₹11,071.14 crore.
• This represents the NCLT's highest-ever quarterly performance since its establishment.
• Five benches—Mumbai, Ahmedabad, New Delhi, Indore, and Chandigarh—accounted for over 94% of the total value, approving plans worth ₹10,416 crore.
• Mumbai led in value, with 35 plans worth ₹4,199.47 crore, while Ahmedabad approved 8 plans valued at ₹2,382.04 crore.
• The number of plans approved did not always correspond to their monetary value, as seen with Ahmedabad approving fewer but higher-value plans than Delhi.

Lawyers advising on corporate insolvency should take note of the NCLT's enhanced operational output, especially from key benches like Mumbai and Ahmedabad.

The National Company Law Tribunal (NCLT) has achieved its most successful quarter to date in terms of approving corporate resolution plans, marking a significant milestone since its inception. During the second quarter of the financial year 2026-27, spanning July through September 2026, the Tribunal gave its assent to 107 resolution plans across India. These approved plans collectively represent a substantial financial recovery, valued at an impressive ₹11,071.14 crore. This performance highlights a notable increase in the efficiency of the corporate insolvency resolution process India.

This unprecedented quarterly achievement, reflected in the NCLT Q2 2026-27 performance data, underscores the Tribunal's growing capacity to expedite insolvency proceedings. Despite ongoing challenges, including reported vacancies within its benches, the NCLT has demonstrated a robust ability to process and finalize complex resolution proposals. The NCLT highest quarterly resolution plans 2026-27 figures indicate a maturing insolvency framework, providing greater certainty for creditors and distressed companies alike.

An in-depth analysis of the National Company Law Tribunal resolution statistics for Q2 2026-27 reveals that a concentrated effort from a few key benches was instrumental in achieving this record performance. Five specific NCLT benches—located in Mumbai, Ahmedabad, New Delhi, Indore, and Chandigarh—were responsible for an overwhelming majority of the financial value recovered. These five benches collectively approved resolution plans totaling approximately ₹10,416 crore, accounting for over 94 percent of the total value sanctioned nationwide during the quarter.

Among these high-performing benches, Mumbai led the way, approving 35 resolution plans with a cumulative value of about ₹4,199.47 crore. Ahmedabad followed closely in terms of value, despite a lower number of approvals, clearing eight plans worth around ₹2,382.04 crore. The Principal Bench, alongside the New Delhi Bench, together approved 29 plans valued at approximately ₹1,648.34 crore. Further contributions came from Indore, which cleared six plans worth about ₹1,106.66 crore, and Chandigarh, which approved nine plans totaling approximately ₹1,079.07 crore. This data illustrates that while some benches process a higher volume of cases, others handle matters of greater monetary significance, as seen in the NCLT Mumbai Ahmedabad Delhi plans.

Notably, the number of resolution plans approved by a specific bench did not always directly correlate with the aggregate monetary value. For instance, Ahmedabad approved significantly fewer plans (eight) compared to the 29 plans cleared by the Delhi benches. However, Ahmedabad's approved plans carried a substantially higher total value, demonstrating that the complexity and financial scale of cases vary considerably across the Tribunal's 16 benches, which include the Principal Bench in New Delhi and 15 regional benches.

The impressive NCLT highest quarterly resolution plans 2026-27 performance has significant implications for legal practitioners and corporate entities navigating the insolvency landscape in India. The demonstrated efficiency in approving a large volume and high value of resolution plans suggests a potential for accelerated resolution timelines in future cases. This increased predictability in the corporate insolvency resolution process India could be particularly beneficial for stakeholders seeking timely and effective closure for distressed assets.

Lawyers advising on corporate insolvency should take note of the NCLT's enhanced operational output, especially from key benches like Mumbai and Ahmedabad. This trend may indicate a more streamlined process for their clients' cases, potentially leading to faster outcomes and more predictable results within the corporate insolvency framework. The Tribunal's ability to deliver such robust National Company Law Tribunal resolution statistics, even with existing vacancies, points towards an underlying resilience and commitment to strengthening the insolvency regime.

Lawyers advising on corporate insolvency should note the NCLT's increased efficiency in approving resolution plans, particularly in key benches like Mumbai and Ahmedabad, which may lead to faster resolution timelines for their clients' cases and indicate a more predictable outcome for CIRP.

Source: Original reporting via Tribunal data.