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Modi-era IBC helped banks recover from UPA foisted NPA crisis: FM Sitharaman

Modi-era IBC helped banks recover from UPA foisted NPA crisis: FM Sitharaman
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

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IBC rescued 3,171 distressed companies in eight years: Sitharaman

IBC rescued 3,171 distressed companies in eight years: Sitharaman
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

National company law tribunalNational company law appellate tribunalNirmala sitharamanBankruptcy codeFinancial reconstruction

Insolvency cases: Creditors faced 68 per cent haircut on admitted claims, says report

Uday Kotak blames delay in admission of cases to NCLT for low resolutions

Nischint chawatheNarendra modiUday kotakKotak mahindra bankNational company law tribunalKotak institutionalFinancial reconstruction

Crypto Lender Genesis to Return $3 Billion in Bankruptcy Wind-Down Amid Rising Creditor Haircuts

EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and those who want to make informed investment decisions.

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Creditors haircuts in bankruptcy cases jump to 73 pc in FY24, resolutions taking longer: Report

Creditors haircuts in bankruptcy resolutions rose to 73% in FY24 from 64% in FY23. 269 resolution plans were approved by NCLTs, with a decline in new admissions due to Covid-19. The average resolution time also increased, impacting CIRPs and entities. NCLT passed liquidation orders for 446 corporate debtors in FY24.

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