Reforms needed to boost speed, recovery rates and judicial efficiency of India’s insolvency and bankruptcy framework

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Times of India 3h ago

Reforms needed to boost speed, recovery rates and judicial efficiency of India’s insolvency and bankruptcy framework - Times of India

Quick Summary:

Data indicates that resolutions completed within 330 days resulted in a 49% recovery rate under the IBC, while those resolved between 330-600 days achieved a 36% recovery rate.

In contrast, resolutions that dragged beyond 600 days resulted in a substantially lower 26% recovery rate.

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