Insolvency resolution: Share of operational creditors reduces to 48% in Q2

The cumulative share of operational creditors in companies admitted under Insolvency and Bankruptcy Code (IBC) has reduced to 48 per cent at the end of Q2 from 50 per cent in Q1 of FY20.

Correspondingly, the share of financial creditors has risen from 40 per cent to 43 per cent in the same period, data from the Insolvency and Bankruptcy Board of India (IBBI) showed.

The number of cases admitted for Corporate Insolvency Resolution Process (CIRP) has gone up significantly over the last 10 quarters with a major chunk of these cases admitted in the last six quarters, reflecting the acceptance of