Resolution through bankruptcy courts to contract by 30-40 per cent: Report

In the current fiscal, successful resolution of a large housing finance company is going to be the key determinant of the extent of amount the financial creditors would realise during the year, Icra said. Housing finance firm DHFL is facing insolvency proceedings as it owes over Rs 80,000 crore to creditors.

from Banking/Finance-Industry-Economic Times https://ift.tt/3dvI0YW