Creditors have recovered over Rs. 50,000 cr. under IBC’
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M.S. Sahoo, chairperson of Insolvency and Bankruptcy Board of India (IBBI) talks about the success of the IBC process, challenges and the way forward. Edited excerpts:
What’s the status of resolution of cases under the IBC in terms of resolution?
What’s the status of resolution of cases under the IBC in terms of resolution?
I don’t have the exact figures. I think about 40 corporate debtors... the process has yielded resolutions. In this 40, the creditors have got over ₹50,000 crore or so. The average realisation has been above 50%. The operational creditors have also got 50%. #casansaar(source-news.google.com.in).
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