‘Creditors have recovered over Rs. 50,000 cr. under IBC’

Average realisation is more than 50%, says IBBI chairperson
M.S. Sahoo , chairperson of Insolvency and Bankruptcy Board of India (IBBI) talks about the success of the IBC process, challenges and the way forward. Edited excerpts:
What’s the status of resolution of cases under the IBC in terms of resolution?
I don’t have the exact figures. I think about 40 corporate debtors… the process has yielded resolutions. In this 40, the creditors have got over Rs. 50,000 crore or so. The average realisation has been above 50%. The operational creditors have also got 50%. Our experience suggests that very few, say 20 out of 1,000 cases, have gone to court
Source : https://www.thehindu.com/todays-paper/tp-business/creditors-have-recovered-over-rs-50000-cr-under-ibc/article24748357.ece

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