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Govt plans 8 special courts under NCLT to deal with rising insolvency cases
As many as 6,326 companies had filed cases under the Code with the NCLT till June end
Govt plans special courts under NCLT by Nov to deal with insolvency cases
Officials in the Ministry of Corporate Affairs said 30 judges might be recruited
Resolving individual insolvency cases a distant dream
There are about 1,700 insolvency professionals registered with IBBI. This figure is too small compared to number of litigations that may arise when provisions for individual insolvency are enforced