Corporate insolvency cases fall 28% to 724 in FY2025; recoveries still low: ICRA
- Posted on May 28, 2025
- By Business News Today
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Corporate insolvency cases fall 28% to 724 in FY2025; recoveries still low: ICRA
Under the IBC, introduced in 2015, authorities try to streamline the process of resolving financial distress and insolvency of companies and individuals. The IBC offers a framework for prompt and effective resolution with the dual goals of protecting creditors and encouraging entrepreneurship.
