Examine the role of the National Company Law Tribunal (NCLT) in ensuring corporate governance and addressing insolvency issues in India.

NCLT is the apex resolution court set up under the Insolvency & Bankruptcy Code 2017. It helps in allowing the easy exit of failed corporates and gives sufficient time to lenders. Role of NCLT in ensuring corporate governance and addressing insolvency: - Giving voice to the creditors CoC, recently the IBC has recognized homebuyers as individual creditors - Discussion by failing cooperation and protecting the interest of all stakeholders

NCLT puts pressure on corporates to follow the principles of corporate governance Drags transparency & vigour in the resolution process: - Underlying delays in resolution process - Undervaluing of assets - News with corporates - GNBPL: Complete digitization, committee of entire process - Rule 330, days for resolution - Real-time valuation of assets Spiritule resolution process will give impetus to 'Ease of doing Business' in India.