Rs 2.43 Lakh Crore Realised Through Insolvency Resolution Process: Report
NDTV
Till September 30, 2022, the creditors have realised Rs 2.43 lakh crore under the resolution plans.
Banks, financial institutions and other creditors of stressed companies have realised Rs 2.43 lakh crore through NCLT-supervised (National Company Law Tribunal) insolvency resolution processes against total claims of Rs 7.91 lakh crore till September 30, 2022.
So far 532 CIRPs (Corporate Insolvency Resolution Process) yielded resolution plans, said the quarterly report of the Insolvency and Bankruptcy Board of India (IBBI).
Till September 30, 2022, the creditors have realised Rs 2.43 lakh crore under the resolution plans.
" The fair value of the assets available with these CDs, when they entered the CIRP was estimated at Rs 2.14 lakh crore and liquidation value of Rs 1.37 lakh crore against the total claims of the creditors' worth Rs 7.91 lakh crore," it said.
