New Delhi, Nov. 26 -- The Department of Financial Services (DFS) reviewed the status of pending cases under the Insolvency and Bankruptcy Code (IBC) in a meeting chaired by Secretary M. Nagaraju.

Senior officials from DFS, the Insolvency and Bankruptcy Board of India (IBBI) and top executives of Public Sector Banks (PSBs) attended the review.

The meeting assessed progress on cases admitted and resolved at the National Company Law Tribunal (NCLT), as well as those settled outside the IBC framework. A detailed review of major cases awaiting admission and resolution across NCLT benches was also undertaken.

The DFS Secretary stressed the need for strict adherence to timelines for both admission and resolution under the corporate insolvency...