INSUBCONTINENT EXCLUSIVE:
The number of insolvency cases increased by 25 percent year -on-year in October-December 2022, although they were lower as compared to the
pre-Covid duration, according to a newsletter launched by the Insolvency and Bankruptcy Board.
Healing has actually been seeing a downward
pattern-- from 43 percent in April-June FY20 in the (Insolvency and Bankruptcy Board) IBC to 30.4 per cent till 3rd quarter of FY22--
according to an analysis by CareEdge.
For cases that have actually been dealt with, financial institutions have continued to deal with a
haircut of around 70 per cent of the confessed claims
