‘Financial creditors forego 70% of Rs 7.90 lakh cr under insolvency resolution process’


With the debt recoverable rate going down to 30.8 per cent or Rs 243,452.5 crore (lenders foregoing 70 per cent of their admitted claims of Rs 790,626.2 crore), the number of cases admitted for Corporate Insolvency Resolution Process (CIRPs) has increased since the launch of the Insolvency and Bankruptcy Code in 2016, said CARE Ratings in a report.

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