Tag: resolution plans
Posted in Economy
IBBI proposes mandatory monitoring committees for resolution plans
The Insolvency and Bankruptcy Board of India (IBBI) has proposed monitoring committees for implementing resolution plans under the Insolvency and Bankruptcy Code (IBC) rules. These…
Posted in Economy
Lenders have recovered Rs 3.5 lakh cr under IBC: Ravi Mital
New Delhi: Lenders have recovered Rs 3.5 lakh crore through resolution of stressed assets under the insolvency process in the last eight years, a period…
Posted in Economy
NCLT approved record 269 resolution plans in FY24
Mumbai: The National Company Law Tribunal (NCLT) approved a record 269 resolution plans under the insolvency law in 2023-24, which is 42 per cent higher…