Since launch IBC has resolved 72% of distressed asset cases

While the IBC has been effective in terms of financial recovery, with financial creditors recovering 34.3% of their claims, realisation in comparison to liquidation value was 169%. "Though realisation is incidental under the Code, financial creditors recovered 34.3% of their claims which only reflects the extent of value erosion by the time the CDs entered CIRP," said RBI.

from Economy-News-Economic Times https://ift.tt/6vMEpgo
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