Delays in resolution, large haircuts by lenders have cast a shadow on IBC. Latest data shows that from 40% in March, cumulative recovery is now down to 36%. Only 14% out of the 4,500 cases have yielded a resolution & the average time taken to resolve is over 400 days. Ritu Singh gets the report card of the bankruptcy law 5 years since it came into effect.
CNBC TV18CNBC TV18 LiveBusiness News
0 Comments