FinMin asks banks to closely monitor cases in NCLT, NARCL to minimise procedural delays

The Finance Ministry urged banks to expedite bad loan resolutions through NARCL and NCLT by minimizing delays. An integrated portal is being developed for seamless information flow on NCLT cases. NARCL has acquired 22 accounts worth ₹95,711 crore and indirectly resolved 28 accounts worth ₹1.28 lakh crore.