The Insolvency and Bankruptcy Code (IBC), 2016, has achieved a remarkable milestone with 40 corporate insolvency resolution processes (CIRPs) yielding 100% recovery of admitted claims, according to a study by the Insolvency & Valuation Standards Board (IVSB) of the Institute of Chartered Accountants of India (ICAI). These cases, resolved between 2017 and 2024, stand out in a framework where the average recovery rate for creditors is 31% of admitted claims.
Key Highlights
- Full Recovery Against Odds:
- The 40 companies collectively admitted claims of ₹2,436.77 crore and realized the same amount through resolution plans.
- This contrasts sharply with the overall recovery rate of 31% for all CIRPs and…
