New Delhi: Bankruptcy filings by stressed firms themselves have seen faster resolutions than those initiated by financial or operational creditors, but the recovery in such cases has been below par, according to data compiled by the insolvency regulator.
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The average time taken to resolve a stressed company under the Insolvency and Bankruptcy Code (IBC) was 632 days as …
Read the full article at: https://m.economictimes.com/news/company/corporate-trends/voluntary-insolvency-sees-faster-resolution/articleshow/104535389.cms