Lenders have recovered Rs 3.5 lakh cr under IBC: Ravi Mital

Lenders recovered Rs 3.5 lakh crore from stressed assets in the last eight years through the insolvency process. NCLT approved 1,000 resolution plans, with 450 cleared in the past two years. Rs 1 lakh crore was recovered in this period. Recovery is about 84 per cent of the assets' fair value, highlighting the effective implementation of the IBC.