Highlights
- As of September 30, 2024, a total of 40,943 cases have been filed in the National Company Law Tribunal under the Insolvency and Bankruptcy Code, 2016.
- Creditors have realized 3.55 lakh crore under resolution plans, achieving 161.11% of the liquidation value and 86.13% of the fair value of the assets.
- The quarterly reports indicate that the number of liquidation orders approved is 2.5 times higher than the resolution plans approved, suggesting a shift in trends regarding corporate insolvency resolutions.
