insolvency resolution process

Insolvency cases: After missed timelines in 2021, process likely to speed up with improved infrastructure

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Insolvency cases: After missed timelines in 2021, process likely to speed up with improved infrastructure

The insolvency resolution process, which seeks to address stressed assets in a quick and time-bound manner, appeared to lose its steam in 2021 with delays and eyebrows were also raised over actual realisations as creditors took steep “hair cuts” in some cases. The National Company Law Tribunal, the designated authority under the insolvency law, and … Read more

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

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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