₹3.5 lakh cr bad loans recovered under IBC, 1,000 cases resolved in 8 years: IBBI
In the last two years, the NCLT has approved 450 resolutions. Thus, 45% of the total resolutions have been approved in the last two years.
In the last two years, the NCLT has approved 450 resolutions. Thus, 45% of the total resolutions have been approved in the last two years.
Real estate and manufacturing contributed to around 65% of total plans approved for fiscal 2024, says CRISIL.
Insolvency and Bankruptcy Code (IBC) will be completing eight years in two to three months. IBC has directly returned Rs 3.4 lakh crore to the creditors in the period.
Over 90% haircut are a wakeup call to review the entire gamut of policies and governance involving stressed asset resolution
Despite the reduction in non-performing loans and the creation of a 'bad bank', resolution procedures remain slow, says OECD
IBC 2.0 may include a full-fledged individual insolvency framework, pre-packaged insolvency for bigger corporates, group insolvency framework and use of tech in IBC.
Everything that could go wrong has gone wrong – political will has weakened, poor regulatory culture endures and the system seems to have been gamed
In FY22, scheduled commercial banks recovered ₹92,564 crore via multiple channels such as Lok Adalats, Debt Recovery Tribunals, IBC, and SARFAESI Act.
SBI as a financial creditor has filed the petition at the Allahabad bench of the NCLT under the Insolvency and Bankruptcy Code
With liquidations surpassing resolutions, bankers need to look at alternatives to the bankruptcy code.