Only 15% of the cases resolved under bankruptcy laws: Report

Timely completion of corporate insolvency resolution process initiated under the Insolvency and Bankruptcy Code (IBC) continues to remain a challenge, according to Icra. Of the 2,542 cases admitted under IBC till date, 1,497 CIRPs or 59% of total admitted cases are still on-going in the courts.

from Banking/Finance-Industry-Economic Times https://ift.tt/2PKw1xE