financial creditors

Average resolution time under IBC touches three-year high in June quarter: Report

by
Average resolution time under IBC touches three-year high in June quarter: Report

The average time taken for resolution of stressed assets under the insolvency law reached a three-year high in the June quarter, according to a report. The longest delay was 643 days for the Financial Creditors (FCs) in the first quarter of this fiscal, as per the report by India Ratings based on an analysis of … Read more

Financial creditors realised 36 per cent of their total claims under IBC: Govt

by
Financial creditors realised 36 per cent of their total claims under IBC: Govt

New Delhi, The government on Tuesday said that financial creditors have realised Rs 2.45 lakh crore or 36 per cent of their total claims under the insolvency resolution process till the end of June. As many as 4,540 companies were admitted under the corporate insolvency resolution process as of June 30 this year. The process … Read more