NCLT clears 107 resolution plans worth ₹11,071 crore in one quarter
The National Company Law Tribunal approved 107 resolution plans in July-September, worth ₹11,071 crore, the highest quarterly tally since the tribunal opened in 2017. First-half approvals stand at 185, against 257 in all of FY26. Pending plan approvals fell to 294, with orders reserved in 41 more. The bench strength is 48 against a sanctioned 62.
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The National Company Law Tribunal approved 107 resolution plans in the July-September quarter, worth ₹11,071 crore. Financial Express described the count as the highest quarterly number since the tribunal was set up in 2017, above the previous peak of 90 plans in October-December 2025. CNBC-TV18, citing a source, put the value at over ₹11,000 crore and called 107 a record. The tighter rupee figure is the Financial Express number. The count of plans matches in both.
The first half of FY27 now stands at 185 approved plans. That is about 72 percent of the 257 plans approved in the whole of FY26, and it is already ahead of the pace that produced 288 in FY25, the highest full year so far. The second-quarter tally was 78 percent higher than the 60 plans approved in the same quarter a year earlier. Cumulative approvals since the tribunal began are 1,735.
Pendency moved with the approvals. By 30 September, 294 resolution plans were still waiting, and orders had been reserved in another 41. CNBC-TV18's source put total pending matters at 335, which is those two piles added together. The tribunal has said approval pendency has been falling since April 2026. A reserved order is not the same as a pending plan: the hearing is over, the signature is not. Mixing the 294 and the 41 produces a larger queue than the plan list alone.
The bench is short. The tribunal has 48 members, 26 judicial and 22 technical, against a sanctioned strength of 62. That is 14 seats empty while the quarterly approval number is at its highest. The Financial Express account noted the shortage in the same piece as the record. Speed and vacancies are both in the September snapshot. One does not cancel the other. A creditor reading the 107 as proof the system is fully staffed would be reading past the 48.
A resolution plan, under the insolvency code, is the bid the committee of creditors accepts and the tribunal then approves or rejects. Approval is the step that moves a company out of the process and toward a new owner, a haircut, and a restart or a sale of assets. The ₹11,071 crore is the value of plans approved in the quarter, not the recovery rate and not the original claims. Without the claims figure, the rupee number cannot be turned into a percentage back to banks. That percentage is the number lenders actually use. It is not in Wednesday's tally.
The next useful release is the recovery rate on these 107, and the names of any large cases inside the count. Until then the public fact is a throughput number: 107 plans, ₹11,071 crore, 185 in the half, 294 still waiting, 14 members short of the sanctioned bench.
