Over 65 per cent of the ongoing corporate insolvency resolution cases have been continuing for more than 270 days as on June 30, according to data with the Insolvency and Bankruptcy Board of India. This is a notch higher than 64 per cent of ongoing cases continuing beyond 270 days in the previous quarter.
As per the IBBIs latest quarterly newsletter, 10 per cent of the cases have been going on for anywhere between 180 to 270 days by June 30 while 15 per cent of the resolutions have been going on for 90180 days. Only 10 per cent of the cases have been going on for less than 90 days.
The delay in resolution of cases under the Insolvency and Bankruptcy Code has been turning into a key concern for investors, which is expected to fast tra…
Read the full article at: https://www.businesstoday.in/latest/in-focus/story/over-65-of-ibc-cases-have-been-ongoing-for-more-than-270n-days-395028-2023-08-22