165 IBC liquidation cases saw 94% asset value erosion since 2016: Report

It is surprising as the lenders mostly lend loans keeping in mind the margin and the promotor's contribution

Businesses that filed for liquidation after getting bankrupt saw a value erosion of 94 per cent of the creditor claims, a report by The Times of India (TOI) said, citing data from the Insolvency and Bankruptcy Board of India (IBBI).