Creditors recover Rs 3.58 trn through resolution plans under insolvency law

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Creditors recover Rs 3.58 trn through resolution plans under insolvency law - Business Standard

Quick Summary:

Citing data from the Insolvency and Bankruptcy Board of India, Minister of State for Corporate Affairs Harsh Malhotra told Rajya Sabha on Tuesday that 2,707 cases have ended in liquidation orders.

Creditors have recovered Rs 3.58 lakh crore through resolution of 1,119 cases under the insolvency law till December 31, 2024, according to official data.

"As per information provided by Insolvency and Bankruptcy Board of India (IBBI), till 31st December 2024, 1,119 cases have yielded resolution plans.