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ibc: M-cap of stressed firms zooms three times after IBC resolution, says IBBI chairman

The market capitalization of stressed companies resolved under India s Insolvency and Bankruptcy Code (IBC) has increased from INR 2 lakh crore to around INR 6 lakh crore, according to the chairman of the Insolvency and Bankruptcy Board of India (IBBI), Ravi Mittal. Sales of these companies also rose by 75% after resolution, indicating their improved performance. Mittal highlighted that a record 185 cases were resolved through the IBC in the last fiscal year, and more than INR 51,000 crore has been realized from these resolutions. ....

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