‘Greater transparency needed in insolvency proceedings to raise recovery rates’
Recovery rate refer to the amount recovered by creditors from a company in its insolvency process under the IBC. The current recovery rate is 32% of creditors' claims admitted by the insolvency court. The IBBI has helped recover over ₹3.4 trillion for creditors since its inception in 2016.
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Recovery rate refer to the amount recovered by creditors from a company in its insolvency process under the IBC. The current recovery rate is 32% of creditors' claims admitted by the insolvency court. The IBBI has helped recover over ₹3.4 trillion for creditors since its inception in 2016.
