The proposed amendments to the Insolvency and Bankruptcy Code (IBC) are encouraging. They could help improve recovery rates and reduce resolution timelines. Still, credit rating agency ICRA noted that the changes do not address long-standing structural issues in the real estate sector, which
Citing the success of the IBC, she mentioned that World Bank, in its 2019 report, noted that India's 2016 insolvency regime reform increased creditor recovery rates from 26.5 to 71.6 cents on the dollar, making India 'by far the best performer in South Asia' and surpassing even the averag
Mumbai (Maharashtra) [India], September 26: ReCircle has experienced a remarkable leap in waste recovery rates, marking an impressive 290 per cent increase in 2022-23 as compared to the last financial year. As plans unfold to double this recovery amount, the urgency is palpable, considering
New Delhi [India], October 19 (ANI): Prime Minister Narendra Modi on Monday said that India has one of the highest recovery rates--88 per cent--because it was one of the first countries to adopt a flexible lockdown.
New Delhi [India], April 27 (ANI): The national capital is seeing a surge in the number of patients being recovered from the coronavirus. As per the health bulletin of Delhi government, till Sunday with 1,987 active cases, the number of recovered patients is 877, while the death count stands