Insolvency and Bankruptcy Code (IBC) Resolves Over Rs 26 Lakh Crore Debt in India, ETLegalWorld
Nine years after the launch of the Insolvency and Bankruptcy Code (IBC), India has managed to resolve debt worth more than Rs 26 lakh crore, either directly or indirectly, a new report said on Tuesday. Out of the total amount, around Rs 12 lakh crore of debt was resolved through about 1,200 cases of stressed…