Most of the matters in the National Company Law Tribunal (NCLT) are getting admitted well within the time, says MS Sahoo, chairman, Insolvency and Bankruptcy Board of India (IBBI).

"In the initial days of admission, there are several issues which required to be sorted out, Sahoo said. "One after another, issues are getting sorted out and once these issues are sorted out, no more of these issues come on the way of admission.”

Lenders are accepting bids submitted after the deadline in the corporate insolvency resolution process for companies under NCLT.

When the law came in to the force, there was a backlog of cases," Sahoo said. "I don’t think that there will be a huge influx of cases because the deadline is coming but it is possible that relatively cases with bigger size may come in,” said Sahoo.