The agency believes that there have been some positive outcomes from the presence of the IBC despite the delays that are becoming common.
Topics
IBC|IBC resolution|debt resolution
Financial creditors may realise Rs 55,000-60,000 crore in fiscal 2021-22 through successful resolution plans from the Insolvency and Bankruptcy Code (IBC), credit rating agency Icra has said.
The realisation for financial creditors from the resolution of Corporate Insolvency Resolution Process (CIRP) under the IBC declined significantly in FY2021 with a total resolution amount of around Rs 26,000 crore, almost a quarter of the realisations in FY2020, the agency said.
“As per our estimates, the financial creditors could realise about Rs 55,000-60,000…
Read the full article at: https://www.business-standard.com/article/finance/creditors-may-realise-rs-55-000-60-000-cr-through-ibc-in-fy22-report-121060700704_1.html
