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Live Mint
Live Mint
1 week ago

Creditors recovered ₹3.36 trillion under IBC: Nirmala Sitharaman

Creditors recovered  ₹3.36 trillion under IBC: Nirmala Sitharaman

The BIFR regime achieved debt resolution of fewer than 3,500 cases in the nearly 30 years since its inception in 1987 whereas IBC has rescued 3,171 distressed companies between 2016 and March 2024 and helped shut down unviable businesses, the Union finance minister said in a social media post.