“These prolonged timelines highlight the impact of ageing cases, litigation and procedural bottlenecks on recovery efficiency,” it pointed.
Even as delays remained a challenge, recoveries under IBC improved sequentially in the April-June quarter, with financial creditors recovering 28.6% of admitted claims, compared with 22.8% in the January-March quarter.
During the quarter, financial creditors realised Rs. 3,557 crore against admitted claims of Rs. 12,443 crore. On a cumulative basis, creditors have realised Rs. 4.35 lakh crore, equivalent to 30.5% of admitted claims.
Even as the realisations may seem very low, CareEdge points that the outcomes are still way better than liquidation value of the assets, which reaffirmed the…