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IBC one-year report card: Recovery rates of bad loans will get worse

The concluding piece of the two-part series analyses how effective the Insolvency and Bankruptcy Code has been

Insolvency and Bankruptcy Code IBC
Insolvency and Bankruptcy Code 

Reacting to Tata Steel’s acquisition of Bhushan Steel last month, finance minister Piyush Goyal tweeted, “Lenders recovered almost the entire principal loan of Bhushan Steel through a Rs 364 billion transparent bid by Tata Steel and also got a 12 per cent stake in the company. Liquidation value of Bhushan Steel was Rs 145 billion but creditors received almost 4 times the amount.”  He added, “The NPA resolution process is being done through a fair and transparent Insolvency & Bankruptcy Code, helping boost both the banking sector & the ...