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IBBI chief urges banks to file IBC cases early - The Hindu BusinessLine

IBBI chief urges banks to file IBC cases early - The Hindu BusinessLine
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IBBI open to innovative suggestions that can reduce delays, help in better recovery

Last year the National Company Law Tribunal (NCLT) approved the maximum number of resolution plans, 180, and recovery was 36 per cent, Ravi Mittal said, adding that the average recovery was 32 per cent over the last 6-7 years.

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insolvency and bankruptcy: IBBI open to innovative suggestions that can reduce delays, help in better recovery

The Insolvency and Bankruptcy Board of India (IBBI) chairman, Ravi Mital, has called for suggestions to help reduce delays in the insolvency process. Mital emphasized that the main objectives of the Insolvency and Bankruptcy Code (IBC) are revival and rehabilitation, rather than just recovery. He acknowledged that delays and low recoveries have been a concern, but highlighted that the NCLT has been approving over 35 resolutions per month, reducing delays.

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IBBI open to innovative suggestions that can reduce delays, help in better recovery

Urging stakeholders for suggestions that can be incorporated in the policy to help reduce delays, Insolvency and Bankruptcy Board of India (IBBI) chairman Ravi Mital on Saturday said IBC has evolved over the years and NCLT has been approving over 35 resolutions a month, reducing delays. “Major

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Insolvency regulator IBBI Chief pitches for Standardising Valuation

Insolvency regulator IBBI Chief pitches for Standardising Valuation
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