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creditors recover 3.55 lakh crore under insolvency law by September

Creditors have recovered approximately Rs 3.55 lakh crore through the resolution of 1,068 cases under the insolvency law as of September. The Minister of State for Corporate Affairs reported that 1,963 Corporate Insolvency Resolution Process (CIRP) cases are ongoing, with 1,388 exceeding the 270-day time limit. The recovery is influenced by market conditions and asset quality at the time of resolution.
Moneycontrol
IND Harsh Malhotra
Finance & Economy, News Article
14:27 25.11.2024
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