Approximately Rs 3.55 lakh crore has been recovered by creditors through the resolution of 1,068 cases under the insolvency law as of September this year.

The recovery process under the Insolvency and Bankruptcy Code (IBC) is influenced by market conditions and the quality of assets available at the time of resolution.

There are currently 1,963 ongoing Corporate Insolvency Resolution Process (CIRP) cases, with 1,388 of these cases exceeding the stipulated time limit of 270 days.

The recovery process under the Insolvency and Bankruptcy Code (IBC) is influenced by market conditions and the quality of assets available at the time of resolution.