This is more than three times the number of cases currently undergoing resolution before the tribunal's various benches.
Apart from inadequate staffing, a Supreme Court order in July 2022 has also made it harder for creditors to admit these companies for bankruptcy rescue, said a second person. Both of them spoke on condition of anonymity.
About two-thirds of the companies awaiting NCLT's decision on admitting bankruptcy petitions are in the manufacturing, real estate and trading businesses, indicating the areas of stress in the economy, the first person added.
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