60% resolution plans under IBC approved in last three years: IBBI data

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60% resolution plans under IBC approved in last three years: IBBI data - Business Standard

Quick Summary:

IBBI data reveals 30,000 cases with defaults of Rs 13.8 trillion settled pre-admission under IBC till December 2024; creditor recovery at 32.

The insolvency regulator said this demonstrated the effectiveness of the legal framework in facilitating the revival of insolvent businesses under the IBC.

IBBI data showed that more companies are being resolved under the IBC and the number of liquidations is going down.