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IBC helped resolve bad loans of over Rs 12 lakh crore in 9 years, but resolution time doubled: CRISIL
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The Insolvency and Bankruptcy Code (IBC) has significantly impacted stressed debt resolution in India, directly resolving approximately Rs 12 lakh crore through 1,200 cases. Beyond formal admissions, it prompted settlements of Rs 14 lakh crore, acting as a strong deterrent.
Author: ET
Published: 13 hours ago
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