More than 500 applications for admission have been rejected, dismissed or withdrawn.
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Even as the rate of recovery of bad loans has shrunk, the number of cases being filed for corporate insolvency resolution process (CIRP) under the Insolvency and Bankruptcy Code (IBC), enacted in May 2016, has been rising. As on November 2017, over 4,300 applications under
CIRP were filed in the various benches of the National Company Law Tribunal (NCLT), according to data from the Reserve Bank of India (RB…
Read the full article at: http://indianexpress.com/article/business/banking-and-finance/national-company-law-tribunal-corporate-insolvency-cases-under-ibc-rising-4998703/
