Assocham News

Indian creditors recovered a massive Rs 3.6 Lakh Crore in 8 Years through Insolvency and Bankruptcy code, reason is..., CPA report says...

PTI February 2, 2025 10:50 PM IST

The Insolvency and Bankruptcy Code (IBC), which provides for a market-linked and time-bound resolution of stressed assets, came into force in 2016. Speaking at a conference organised by industry body Assocham and accounting body CPA Australia, Mital said creditors have recovered around Rs 3.6 lakh crore has been recovered by creditors under the IBC in the last 8 years.

Lack of corporate governance being tackled: ASSOCHAM

ANI Feeds May 6, 2018 10:56 AM IST

Amid rising cases of insolvency in the corporate sector, the ASSOCHAM noted that the Indian stock market is showing an increasing tendency for zero tolerance for any perceived dishonesty on the part of companies, expecting them to remain fully transparent and compliant in corporate governance.

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