M-cap of stressed firms zooms three times after IBC resolution, says IBBI chairman
The market capitalization of stressed companies resolved under India's Insolvency and Bankruptcy Code (IBC) has increased from INR 2 lakh crore to around INR 6 lakh crore, according to the chairman of the Insolvency and Bankruptcy Board of India (IBBI), Ravi Mittal. Sales of these companies also rose by 75% after resolution, indicating their improved performance. Mittal highlighted that a record 185 cases were resolved through the IBC in the last fiscal year, and more than INR 51,000 crore has been realized from these resolutions.
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