NEW DELHI: Insolvency tribunal NCLT approved 180 resolution plans in FY23, the highest-ever number so far, resulting in a total realisation of Rs 51,424 crore from stressed assets. In terms of the realisation for creditors, this is the second highest after FY19, when the total realisation was Rs 1. 11 lakh crore after completing 77 insolvency proceedings including some bigticket matters such as Essar Steel and Monnet Ispat.
This has helped creditors of debt-ridden firms in FY23 to realise 36% of their total admitted claims of Rs 1,42,543 crore for the year ended March 31, 2023.
The combined total liquidation value of the assets of 180 corporate debtors (CDs) was at Rs 39,110 crore and the creditors received 131% higher than it, according t…
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