The number of the unresolved cases is high even after IBBI had allowed exclusion of the lockdown period from the calculation of CIRP process last March.
By Ankur Mishra
The pandemic has affected the resolution process under the Insolvency and Bankruptcy Code (IBC) regime, which is in its fifth year. Latest data showed further delays in resolutions and low recovery in 2020-21. According to data released by the Insolvency and Bankruptcy Board of India (IBBI), 79% of the ongoing cases remained unresolved for more than 270 days till March 2021.
Related News
This is a steep rise compared to March 2020 (Q4FY20), when only 35% of the ongoing cases had taken more than 270 days. The data also showed that average time taken to resolve a…
Read the full article at: https://www.financialexpress.com/industry/ibbi-79-of-ongoing-cases-unresolved-for-over-270-days/2264016/
