Business Standard

Recoveries by financial creditors under IBC shrink to 33%, shows data

It was 39.3 per cent as of March 2021, and as high as 46 per cent till March 2020, according to the Insolvency and Bankruptcy Board of India (IBBI) data

cash, currency, notes, funds, investment, shares, growth, profit, loss, tax, money, income, earnings
Premium

The number of new cases admitted under the insolvency process has also gone down in FY22.

Subrata Panda
Recoveries by financial creditors under the Insolvency and Bankruptcy Code (IBC) have dropped significantly in the past two years owing to the pandemic, resulting in larger haircuts for them.

As of March 2022, financial creditors have recovered 33 per cent of the amount admitted as claims.

It was 39.3 per cent as of March 2021, and as high as 46 per cent till March 2020, according to the Insolvency and Bankruptcy Board of India (IBBI) data. Further, on a quarterly basis, realisation by financial creditors as a percentage of their admitted claims in Q4FY22 dropped to as low as 10 per cent.

In

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 09 2022 | 11:07 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com