IBC: Creditors Recovered 33% of Admitted Claims

Imagine a law called the Insolvency and Bankruptcy Code (IBC) that helps companies in trouble.

Over the past nine years, creditors (people who are owed money) have used this law to get back a portion of their money.

They've recovered a total of Rs 3.96 lakh crore through plans to fix the companies and an additional amount from selling off assets.

This recovery is about 33% of all the money they were owed.

The IBC has helped fix many cases, around 15% of those started.

In other cases, about 43% have led to selling off the company's assets to pay creditors.