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Under IBC credit discipline 30k cases were settled
The Statesman Siliguri
|May 11, 2025
In IBC, a noticeable improvement in credit discipline, with more than 30,000 cases settled prior to admission, covering underlying defaults worth Rs 13.78 lakh crore till December 2024, said Jithesh John, IES, executive director, IBBI at the 8th Annual Conference on Insolvency & Bankruptcy Code (IBC) Conclave, organised by CII Eastern Region at Kolkata, today.
He asserted that the RBI's trend and progress of Banking in India for the year 2023-24 report highlights that out of the Rs 96,000 crore recovered by scheduled commercial banks through various channels, Rs 46,000 crore have been recovered through IBC thereby underscoring its significance.
Mr John stated that a total of 1,194 CIRPs have ended in resolution with different degrees of recovery till March 2025. The creditors have realised Rs 3.89 lakh crore under the resolution plans.
While this may be about 32 per cent of the claims, the creditors have recovered around 170.02 per cent of the liquidation value and around 93.36 per cent of the fair value.
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