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#IndianBanks #IBC #BankruptcyCode: How Successful has IBC Resolution Process been with Corporate Insolvency Resolution Process (CIRP) ?
While the INITIAL success of IBC was encouraging, incrementally the YIELD from the IBC has been falling ?
The cumulative admitted claims of financial creditors till end March 2022 was ₹6,84,901cr. Till end Mar-22 ,since the launch of IBC, the cumulative recovery for lenders where resolution took place dropped to 32.9% against 35.9 per cent upto Sept-21
In absolute terms, the realisation for financial creditors till end March 2022 stood at ₹2,25,294cr — much higher than liquidation value of ₹1,31,448cr
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