Mumbai, Dec 31 (PTI) Creditors have realised Rs 4 lakh crore under the resolution plans initiated under the Insolvency and Bankruptcy Code till September 30, 2025, according to a Reserve Bank report on Wednesday.
Since the provisions relating to the corporate insolvency resolution process came into force in December 2016, a total of 8,659 CIRPs have been initiated till September 30, 2025, of which 6,761, or 78.1 per cent, have been closed.
The primary objective of the Insolvency and Bankruptcy Code is rescuing corporate debtors (CDs) in distress.
The code has rescued 187 CDs during April to September 2025, while the total number of such debtors since inception is 3,865.
“Cumulatively till September 30,…
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