The National Company Law Tribunal (NCLT) approved a record 78 resolution plans worth ₹5,517 crore in the first quarter (April-June) of FY27, the highest number of approvals for any first quarter since the Insolvency and Bankruptcy Code (IBC) came into force. However, while the volume of approvals has increased, the average value of each approved resolution plan has fallen sharply, highlighting that smaller insolvency cases are reaching closure faster than large corporate defaults