Corporate Insolvency And Bankruptcy Laws Bar Association Requests Operationalisation Of Second Bench At NCLAT Chennai

The Corporate Insolvency and Bankruptcy Laws Bar Association has formally requested the operationalization of a second bench at the NCLAT Chennai. The association cited the significant backlog of cases, the wide jurisdiction covering five Southern states, and the existing but unused infrastructure as compelling reasons. This plea highlights the urgent need to enhance judicial capacity within the insolvency framework to ensure timely disposal of appeals. The operationalization of an additional bench is crucial for efficient resolution of insolvency matters, reducing delays, and strengthening the overall effectiveness of the Insolvency and Bankruptcy Code in a region with a substantial caseload.