The banks have to use what is the best mechanism in each particular case. The NCLT cannot be the solution for all cases
It’s easy to lay the blame for divergence in provisioning at the doorstep of banks. The issue is much deeper
The Reserve Bank of India has refused to make public the list of loan defaulters with public sector banks despite an order of the Supreme Court in 2015 to make this information public
Just like the brick & mortar retail sector, banking in India has to change radically or get prepared to be disrupted.