Indicating that one size fits all approach may not work in all cases, he said that basically, the NCLT (National Company Law Tribunal) is one of the resolution mechanisms."The banks that find it tough to recover loans from borrowers can refer such cases to the NCLT as part of insolvency proceedings."The banks have to use what is the best mechanism in each particular case..The banking carbon steel nut Manufacturers sector is saddled with non-performing assets (NPAs) of over Rs 8 lakh crore, of which Rs 6 lakh crore is with public sector banks (PSBs).The Reserve Bank of India (RBI) has identified 12 large NPA accounts constituting 25 per cent or about Rs 2 lakh crore of the total pie.Banking sector is saddled with non-performing assets (NPAs) of over Rs 8 lakh crore. 

The NCLT cannot be the solution for all cases."A lot of resolution mechanisms already are there -- the RBI scheme, an oversight committee," Gupta told reporters on the sidelines of a conference organised by the PFRDA here.Essar Steel, Bhushan Steel, Bhushan Steel and Power, Electrosteel Steel, Lanco Infratech, Alok Industries, Jyoti Structures and Jaypee Infratech are among the big names that are facing NCLT cases. RBI has identified 12 large NPA accounts constituting 25 per cent or about Rs 2 lakh crore of the total pie

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