According to data analysed till June-end, a total of 129 corporate insolvency applications were admitted with the Mumbai bench of the NCLT, while 58 applications have been filed with three benches of the NCLT in Delhi. Illustration: C R Sasikumar
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Within seven months of the final insolvency rules kicking in under the Insolvency and Bankruptcy Code 2016 (IBC), over 237 applications have been filed by financial creditors against defaulting companies for initiating corporate insolvency resolution process and admitted in various benches of the National Company Law…
Read the full article at: http://indianexpress.com/article/business/banking-and-finance/proceedings-under-ibc-bankruptcy-filing-picks-up-to-deal-with-mounting-bad-loans-4755397/