Out-of-court deals gain traction as lenders, companies look to avoid IBC

According to the Insolvency and Bankruptcy Board of India (IBBI), 23,417 applications for initiation of the Corporate Insolvency Resolution Process (CIRP), having underlying default of ₹7.31 lakh crore, were resolved even before their admission, as on September 31.

from Banking/Finance-Industry-Economic Times https://ift.tt/yIt0HrS