MUMBAI : Financial creditors may realise 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 26,000 crore, almost a quarter of the realisations in FY2020, the agency said.
“As per our estimates, the financial creditors could realise about 55,000-60,000 crore in FY2022 through successful resolution plans from the IBC,” the agency’s Vice President and Group Head Structured Finance, Abhishek Dafria, said in a report.
The increase in the…
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