Mumbai, The recent amendments to the Insolvency and Bankruptcy Code are unlikely to uplift the recovery rates for lenders, asset reconstruction companies, and security receipt (SR) investors, but may help improve recovery predictions, analysts said on Tuesday.
Mandating admission within 14 days for proven default cases can significantly reduce the overall resolution timeline by 1-1.5 years, analysts at several rating agencies said.
“For lenders, asset reconstruction companies (ARCs), and security receipt investors, the key benefit lies in better…