HISTORICAL FACTS: Ravi mital - Caught on Camera

IBC: Creditors realised Rs 4 lakh cr; cases involving Rs 14 lakh cr settled in pre-admission stage

India's Insolvency and Bankruptcy Code (IBC) has facilitated over Rs 4 lakh crore in creditor realisations from resolved cases. Additionally, nearly Rs 14 lakh crore in claims were settled pre-admission, showcasing a significant shift in debtor-creditor dynamics and promoting timely resolution of financial stress.

The Economic Times · May 28

Need framework to study impact of insolvency law: Corporate Affairs Secretary

Mr. Rajesh Verma said the govt and regulator IBBI have been constantly making course corrections to address any gaps in the Insolvency and Bankruptcy Code.

The Hindu · Apr 30, 2022