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Operational Creditors Recover 42% Of Claims Under IBC, Says ICRA

Operational creditors took a haircut of 58 percent on the total claims of around Rs 8,140 crore, ICRA says.

Advait Rao Palepu
National Company Law Tribunal signage at the Mumbai office. (Photographer: Vishal Patel/BloombergQuint)

Rating agency ICRA Ltd. said operational creditors recovered 42 percent of their total admitted claims from 92 debt-ridden companies under the bankruptcy law as of March.

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How India's Economic Interests Are Affected By Current Nepal Situation

  • chevron-double-right India-Nepal trade and supply chains may face disruption due to political instability
  • chevron-double-right Over 150 Indian ventures in Nepal risk losses amid worsening investment climate
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