Creditors recover Rs 3.55 lakh crore till Sept under insolvency law

Creditors have recovered approximately Rs 3.55 lakh crore by resolving 1,068 insolvency cases under the IBC, 2016, as of September 2024. However, 1,388 out of 1,963 ongoing CIRP cases have surpassed the 270-day deadline. The government has implemented six amendments to the IBC and the IBBI has made over 100 regulatory changes to enhance the resolution process.