The introduction of India s bankruptcy law has positively influenced the credit culture, but Crisil Ratings reveals a decline in recoveries and prolonged resolution timelines. Recovery rates fell to 32% in September 2023, from 43% in March 2019, while average resolution time increased from 324 to 653 days, surpassing the stipulated 330 days.
Falling recovery rates and increase in resolution time dent IBC s success, says CRISIL
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IBC recovery rates have fallen, even as average resolution time has increased: CRISIL Ratings
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