Tag

• UGI USER
• corporate debt corporate restructuring creditor recovery debt resolution financial law IBC India Economy Insolvency and Bankruptcy Code insolvency process NCLT
• 76
• 0

CREDITORS ONLY RECEIVED 4% OF CLAIMS UNDER IBC PROCESS

Why in the news? Only 17% of cases under the Insolvency and Bankruptcy Code (IBC) yielded a resolution plan. Post-National Company Law Tribunal (NCLT) admission, the majority of cases were withdrawn. Liquidation for 960 corporate debtors was completed, but creditors realised only 4% of their total admitted claims. source:slideshare About The Insolvency and Bankruptcy Code …

Read More