The recovery of public money is at 40 per cent only: Jairam Ramesh

Now I don't see what the need for this Sashakt was when you have the RBI Circular of the 12th of February, 2018 and when we have the Insolvency and Bankruptcy Code, says Ramesh

Sir, the first point is, in the last two years, there are about 700 cases that have been admitted under the Insolvency and Bankruptcy Code (IBC). Out of these 700 cases, only three per cent have been resolved, 12 per cent have gone into liquidation, and 10 per cent have been closed. 

In other words, out of 700 cases, over 500 cases are active. Now, the court says, within 270 days, the process must be complete. So, my first question to the honourable minister is this. Is not this a very high proportion of cases that are still on-going? 

This is not