Wednesday, January 10, 2024

BANKING

The move comes after government expressed concerns over large haircuts and delays in resolution under the Insolvency & Bankruptcy Code and directed lenders to build an effective framework for monitoring the progress of legal processes. Since the roll out of IBC in 2016, creditors have recovered 32.6% of their admitted claims against large, stressed firms.

from Banking/Finance-Industry-Economic Times https://ift.tt/Li7ZPbG
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