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Tag Archive for "application-filed-under-ibc" -

CentrikBlogsapplication filed under IBC

Tag: application filed under IBC

Creditors Recover of INR 3.75 Lakh Crore in 1.6 years at IBC/NCLT Pre- Admission Stage

Posted by Priyanshi JaiswalPosted on December 17, 2019December 20, 20190 CommentsCategories Insolvency & Bankruptcy Code 2016, Legal AdvisoryTags application filed under IBC, cases admitted by the NCLT, Claims against the corporate debtors, creditors can get claims from the debtor company, Creditors Recover money from IBC and NCLT, IBC laws, Insolvency and Bankruptcy Laws, insolvency proceedings, Litigation Proceedings, recovery of money by the creditors

The recovery rate has increased almost three times i.e. from 26.5% in 2018 to 71.6% in 2019 and the time taken for recovery improved from 4.3 years to 1.6 years within a short span of one year.

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