Creditors may recover over ₹80,000 crore via IBC in FY20: ICRA
- That is despite a 32% increase in the number of on-going cases to 1,143, which have crossed the maximum allowed time of 270 days at NCLT, as of March 31
- The highest quarterly admissions came in the fourth quarter of fiscal 2019 at 359 cases
Even as the National Company Law Tribunals (NCLT) remain over-burdened with innumerable litigations, the four-year old Insolvency and Bankruptcy Code (IBC) is expected to improve realisations for financial creditors to over ₹80,000 crore by fiscal year 2020, compared to about ₹66,000 crore recoveries last year, said ratings agency ICRA Ltd. in a press note.
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