IBC resulted in recovery rate of 43%, figure is respectable: CRISIL

The advent of Insolvency and Bankruptcy Code (IBC) has resulted in a recovery rate of 43 per cent, which, according to rating agency CRISIL, is “respectable”. 

As on March 31 of this year, the resolution plan for 94 stressed assets was approved by the National Company Law Tribunal (NCLT). 

“For this set of 94 accounts, resolution has been reached for Rs 75,000 crore out of Rs 1.75 trillion total claim of financial creditors admitted. That makes for a respectable recovery rate of 43 per cent,” said a knowledge paper prepared by industry body ASSOCHAM and rating agency CRISIL. 

“Also, post-implementation of the IBC,