 "Insolvency and Bankruptcy Code: Firms cope with changing landscape")
Half of the over 3,770 bankruptcy cases since the insolvency law came into force from December 1, 2016, were triggered by operational creditors and not banks, according to RBI's Financial Stability Report.
Since December 2016, as many as 3,774 companies were sent to various bankruptcy tribunals, of which only 312 have been settled, 157 have been withdrawn and 2,170 are pending for resolution as of end-June, the Reserve Bank said in the report released on Friday.
"Operational creditors triggered as much as 49.65 per cent of the bankruptcy petitions, followed by 43.61 per cent by financial creditors and the remaining
