Explanation:

- NCLT (National Company Law Tribunal):

- A quasi-judicial authority in India.

- Deals with corporate insolvency and resolution processes.

- NARCL (National Asset Reconstruction Company Limited):

- Often referred to as the "bad bank" of India.

- Created to manage and recover bad loans.

- NCLAT (National Company Law Appellate Tribunal):

- An appellate tribunal to hear appeals against NCLT orders.

- NARLC:

- Seems to be a typographical error or non-existing entity.

- SARFAESI (Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002):

- A legal framework for asset reconstruction companies to tackle bad loans.