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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.
