IBC: Creditors recover ₹3.55 lakh crore till Sept
Millennium Post Delhi|New Delhi 26November2024
Creditors have recovered around Rs 3.55 lakh crore through resolution of 1,068 cases under the Insolvency and Bankruptcy Code, 2016 (IBC) till September this year, the government said on Monday.

In a written reply to the Lok Sabha, Minister of State for Corporate Affairs Harsh Malhotra also said that a total of 1,963 CIRP cases are ongoing and out of them, 1,388 have exceeded the time limit of 270 days.

CIRP refers to Corporate Insolvency Resolution Process.

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