SME Times News Bureau | 26 Mar, 2019
Injeti Srinivas, Secretary, Ministry of Corporate Affairs said recently that
majority of corporate insolvency cases have been settled.
The speed at which the cases have been disposed by the NCLT has been
commendable. But the IBC should be invoked only as a last resort. He added.
Elaborating further on the subject, he informed that a majority of corporate
insolvency, which has led to burgeoning of NPAs, has been settled and the
accent is now on resolving personal insolvency.
In this context, an analysis of the outstanding non-food credit shows that
the industry tops the list followed by services sector, housing finance and
vehicle loans.
On dealing with personal inso…
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