Tag: corporate insolvency resolution process

The average time taken for a corporate insolvency resolution process (CIRP) yielding through resolution or liquidation is at a three-year high for all stakeholders, according to India Ratings and Research (Ind-Ra).Also Read | IBC 2.0 —Why reforms to the Insolvency and Bankruptcy Code are the need of the hourThe share of ongoing cases under CIRP for 270 days and above reflects a rising trend compared to 1QFY23 and FY23. While the realisation for financial creditors (FCs) and corporate debtors (CDs) through the resolution mechanism has marginally improved compared...