You are here: Home » Economy & Policy » News
Investor worries over corporate credit heat up as coronavirus spreads
January IIP at 2%; February CPI at 6.58% Vs 7.59% in previous month
Business Standard

Just 10% of defaulted loans in non-major cos recovered under IBC: Ramesh

The first objective of the IBC was to save companies but with a mortality rate of 80 per cent it is not life saving, said Jairam Ramesh

Topics
Jairam Ramesh | Congress | Rajya Sabha

Press Trust of India  |  New Delhi 



Jairam Ramesh
Ramesh said against admitted claims of Rs 3.51 trillion, Rs 1.50 trillion has been recovered

The insolvency and bankruptcy law has resulted in recovery of just 10 per cent of defaulted in case of companies other than the seven big ones referred for resolution, senior leader said in on Thursday.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Thu, March 12 2020. 13:30 IST

RECOMMENDED FOR YOU

.