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IBC process helps recover Rs 70,000-crore bad loans in FY19: CRISIL

The recovery rate is twice the liquidation value of all 94 cases resolved says CRISIL.

Topics
Insolvency And Bankruptcy Code Ibc  |  Crisil  |  Npas

Subrata Panda  |  Mumbai 

insolvency, bankruptcy, ibc
The IBC process has shifted the balance of power from the debtor to the creditor

Not only is the recovery rate of the 94 cases resolved so far under the and code (IBC) higher than the recoveries made through other mechanisms, the recovery rate is twice the liquidation value of the all the 94 cases resolved, said a report by credit rating agency .

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First Published: Tue, May 14 2019. 17:16 IST
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