Last year in June the Reserve Bank of India (RBI), vested with new legislative powers, identified 12 big accounts constituting\u00a025% of total non-performing assets in the country for immediate resolution under the Insolvency and Bankruptcy Code (IBC) and called them 'Dirty Dozen'. Although the IBC sets a strict timeline of 180 days (plus an extension of 90 days) for the resolution process, initial disputes arising out of the interpretation of the law - and its clauses - delayed resolution of some accounts. So far, four of the 12 accounts have been resolved, while seven are at different stages, and one, Jyoti Structures, could go into liquidation. Here's an update on\u00a0'Dirty Dozen' NPA resolution Bhushan Steel Ltd: Now owned by Tata Steel Electrosteels Steel: Soon to be owned by Vedanta Monnet Ispat & Energy: NCLT\u00a0nod\u00a0 to\u00a0AION Capital-JSW Steel consortium bid Amtek Auto: NCLT nod to Liberty House resolution plan Bhushan Steel and Power: Tata Steel, Liberty House, and JSW Steel in race Essar Steel: NCLAT order awaited for ArcelorMittal and Numetal Mauritius\u00a0bids Alok Industries:\u00a0Reliance Industries (RIL)-JM Financial ARC sole\u00a0 Jaypee Infratech: Matter pending before the Supreme Court Jyoti Structures: NCLT rejects NPA resolution plan Lanco Infratech: CoC deciding on resolution plan submitted by Thriveni Earthmovers ABG Shipyard: Resolution plan by Liberty House; matter pending before the NCLT Era Infra Engg: Insolvency plea admitted by the NCLT The Narendra Modi government brought in IBC law in 2016 with an aim to fix the NPA issue in the country, which had then risen to about Rs 8 lakh crore. By April 2017, the RBI was given additional\u00a0legislative powers to initiate insolvency against big loan defaulters. In June 2017, the RBI identified 12 big accounts for immediate resolution, followed by 28 others in December.