NCLT helps recover ₹80,000 crore in 2018 from IBC cases4 min read . Updated: 25 Dec 2018, 08:46 PM IST
The new year will not only test the mettle of the Insolvency and Bankruptcy Code (IBC), but also of the NCLT and its appellate body NCLAT
New Delhi: Tasked with a key job of helping recover unpaid corporate loans, the NCLT has helped resolve insolvency and bankruptcy proceedings involving more than ₹ 80,000 crore in the year passing-by and the kitty is expected to swell beyond ₹ 1 trillion in 2019 with several big-ticket default cases pending.
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