Thursday, December 19, 2024 | 06:01 PM ISTEN Hindi

Home / India News / Status check: 30% recovery in IBC so far, shows CareEdge data

Status check: 30% recovery in IBC so far, shows CareEdge data

For cases that have been resolved, creditors have continued to face a haircut of around 70 per cent of the admitted claims

gavel, IBC, Insolvency, bankruptcy, court, judgement, laws

Premium

Ruchika Chitravanshi

1 min read Last Updated : Feb 20 2023 | 11:13 PM IST

The number of insolvency cases increased by 25 per cent year -on-year in October-December 2022, even though they were lower as compared to the pre-Covid period, according to a newsletter released by the Insolvency and Bankruptcy Board.

Recovery has been seeing a downward trend — from 43 per cent in April-June FY20 in the (Insolvency and Bankruptcy Board) IBC to 30.4 per cent till third quarter of FY22 — according to an analysis by CareEdge.

For cases that have been resolved, creditors have continued to face a haircut of around 70 per cent of the admitted claims.

Topics : IBC IBC resolution IBC review IBC proceedings Insolvency and Bankruptcy Code

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in