"NCLT is prepared, we are further strengthening the NCLT with induction of more judicial and technical members. So they will be able to handle these cases," Ray said.For cases under IBC, the NCLT is the adjudicating authority. "In all the bigger accounts there may not be much left for the promoters. "Merging bad bank with a good bank as a way of getting a large good bank is no more valid way of thinking as you may get a large bad bank. So it will be done on a completely different basis," Sanyal said.

Source: Times of India June 14, 2017 15:20 UTC