NCLT has a crucial role to play, but does it have enough capacity for it?

The NCLT's capacity needs to be increased with more benches and judges to speed up resolution of insolvency cases

The adjudicating authority for insolvency resolution under the Insolvency and Bankruptcy Code is the National Company Law Tribunal or NCLT. Since the Code’s enactment in 2016, not a day passes without a piece of news pertaining to what the NCLT has been doing about insolvency resolution or liquidation of an unviable asset. 

The obvious question, therefore, is how adequate is the capacity of the NCLT in dealing with the biggest challenge the Indian economy faces on account of its twin balance sheet problem. Both in terms of resolving the banks’ problem of stressed assets and helping India Inc clean up