As a percentage of claims, banks recovered on average 42.5% of the amount filed through the IBC in the financial year 2018-19, against 14.5% through the Sarfaesi resolution mechanism, 3.5% through Debt Recovery Tribunals and 5.3% through Lok Adalats. Against Rs 1.66 lakh crore claims involved under IBC, the recovery was Rs 70,819 crore.
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Sunday, December 29, 2019
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Close to half of claims under IBC were settled in FY19: RBI
Close to half of claims under IBC were settled in FY19: RBI
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