 "insolvency")
The Insolvency and Bankruptcy Code (IBC) has since 2016 helped recover Rs 2.5 trillion from bad assets compared to admitted claims of Rs 7 trillion, thus clocking a recovery rate of 36 per cent as of June 2021, said a report by rating agency CRISIL.
Of the 4,451 cases admitted under the IBC process, 396 were resolved, 1,349 were liquidated, 1,114 were closed or withdrawn, and 1,682 are still pending.
The headline numbers do not say all though. The reality is only a few large cases have seen good recovery. Excluding the top 15 cases (by resolution value) from the 396 resolved
