Resolution time under India's bankruptcy code rises to 3-year high: India Ratings says
The average time for resolution under the Insolvency & Bankruptcy Code (IBC) in India has reached a three-year high, according to India Ratings & Research (Ind-Ra). Data from the Insolvency and Bankruptcy Board of India (IBBI) shows that the average time for a corporate insolvency resolution process (CIRP) has increased to 635 days for operational creditors and 643 days for financial creditors, exceeding the 270-day limit set by law.
Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.
