New Delhi, April 21 -- Expressing serious concern over delays in the approval of resolution plans under the insolvency regime, the Supreme Court has directed the National Company Law Tribunal (NCLT)'s principal bench in New Delhi and the Insolvency and Bankruptcy Board of India (IBBI) to furnish comprehensive nationwide data on pending approval applications and the reasons for such delays. A bench of justices JB Pardiwala and KV Viswanathan said that it would decide the "further course of action" after examining the data, as it came across a case where an application seeking approval of a resolution plan had remained pending for nearly two years. Taking note of the situation, the court observed that it was "very unfortunate" that there had been no adjudication on the approval application despite the committee of creditors (CoC) having cleared the plan as far back as July 2024. The application for approval was filed before the NCLT principal bench on July 12, 2024, but continues to remain undecided....