Lenders set to recover 43.1% from insolvency proceedings

Resolutions in the quarter through December 2019 yielded only around 12.2%, or about Rs 2,879 crore, of the admitted claims of Rs 23,668 crore. In the preceding quarter, lenders recovered around 34.4% of their total claims of Rs 78,592 crore. Many large cases have already been resolved and smaller companies undergoing resolution process are finding fewer suitors.

from Banking/Finance-Industry-Economic Times https://ift.tt/31TLxes