FM observes definite improvement in lending and borrowing behaviour
The finance minister Arun Jaitley has written in his personal blog about two years of Insolvency and Bankruptcy Code, while commending it from strong recoveries of bad loans. The finance minister stated that so far 1322 cases have been admitted by NCLT, while 66 have been resolved after adjudication and 260 cases have been ordered for liquidation.
In 66 resolution cases, realization by creditors was around Rs 80000 crore. As per NCLT database, in 4452 cases were disposed at pre-admission stage and the amount apparently settled was around Rs 2.02 lakh crore.