Insolvency law helped resolve â¹3 lakh cr stressed assets: MCA Secy
Corporate Affairs Secretary Injeti Srinivas has said the Insolvency and Bankruptcy Code (IBC) has helped in directly and indirectly addressing stressed assets worth around â¹3 lakh crore in two years. The estimated amount includes recoveries made through resolution plans and cases settled before admission by the National Company Law Tribunal under IBC. The code became fully operational in 2016.