TFIPOST हिन्दी
TFIPOST Global
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    With Stalin Hospitalised, Is DMK Headed for a Family Showdown?

    Heir vs Heir: Power Struggle Likely to Loom in DMK as Stalin Falls Unwell

    Illegal Gambling Case: Rana, Vijay Deverakonda Among 4 Actors Under ED Lens

    ED Summons Prakash Raj, Rana Daggubati in Online Betting Scam Probe

    Vice President Jagdeep Dhankhar resigns citing health reasons

    Inside Story of Dhankhar’s Resignation: Rajnath Hosts Key Meetings, BJP Rajya Sabha MPs Told to Stay in Delhi for 14 Days

    Kanwar Yatra

    Uttarakhand CM Dhami Alleges Conspiracy to Tarnish Kanwar Yatra’s Image

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Bengal’s Business Exodus: 6,688 Companies Flee State Since Mamata Took Office

    Bengal’s Business Exodus: 6,688 Companies Flee State Since Mamata Took Office

    US Trade Officials to Visit India in August for Crucial Talks

    US Trade Officials to Visit India in August for Crucial Talks

    Importance And Value Of Brand Logos In A Competitive Market

    Importance And Value Of Brand Logos In A Competitive Market

    India's UPI Overtakes Visa to Become World's Leading Real-Time Payment System: IMF

    India’s UPI Overtakes Visa to Become World’s Leading Real-Time Payment System: IMF

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Apache: World’s Most Advanced Attack Helicopter Now in Indian Hands

    Apache Choppers Near Pakistan Border: A Strategic Game Changer for India

    MiG-21 Fighter Jets to Be Retired from Indian Air Force Service by September

    MiG-21 Fighter Jets to Be Retired from Indian Air Force Service by September

    UK F-35B Stealth Jet Finally Departs Kerala Airport After Month-Long Grounding

    UK F-35B Stealth Jet Finally Departs Kerala Airport After Month-Long Grounding

    Indian Army Receives First Apache Attack Helicopters from the US at Hindon Airbase

    Indian Army Receives First Apache Attack Helicopters from the US at Hindon Airbase

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    India Sets Diplomatic Priorities for PM Modi’s UK Visit

    India Sets Diplomatic Priorities for PM Modi’s UK Visit: Focus on Economic Fugitives, Khalistani Extremism, Strategic Ties

    India to Complete Key Road in Ladakh's DBO Sector by Late 2026

    India set to Complete Key Road in Ladakh’s Daulat Beg Oldi Sector by Late 2026, Improve Military Access

    TRF Declared Global Terror Outfit After India’s Swift Diplomatic Strike

    India’s 72-Hour Blitz After Pahalgam Gets TRF Blacklisted by Washington

    TRF Ban a Win for India: Renewed Momentum to Greylist Pakistan at FATF

    TRF Sanctioned: Will Pakistan’s Terror Nexus Drag It Back to FATF Grey List?

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    NCERT Textbook Reveals Mughal Religious Intolerance

    Ruthless Babur, Violent Akbar, Destructive Aurangzeb: NCERT Textbook Reveals Mughal Religious Intolerance

    India Built Gardens Long Before Babur Dreamt of Charbagh

    Before the Mughals: India’s Civilisation Built Gardens Long Before Babur Dreamt of Charbaghs

    Revisiting the MANUSMRITI: Why India’s Youth Must Study This Ancient Epic

    Revisiting the MANUSMRITI: Why India’s Youth Must Study This Ancient Epic

    Echoes of the Cholas in Today’s Bharat

    Conqueror of the Seas: Rajendra Chola and the Rise of Naval Bharat

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    India Becomes First Country to Digitally Preserve Traditional Medicine Using Artificial Intelligence

    India Becomes First Country to Digitally Preserve Traditional Medicine Using Artificial Intelligence

    Highest RTP Casino Games to Get Better Wins

    Highest RTP Casino Games to Get Better Wins

    How to Use Eyebrow Tinting Kits Like a Salon Expert

    How to Use Eyebrow Tinting Kits Like a Salon Expert

    One in Four Indian Married Couples Are Now Overweight

    ICMR Study: One in Four Indian Married Couples Are Now Overweight or Obese—Shared Lifestyle to Blame

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    With Stalin Hospitalised, Is DMK Headed for a Family Showdown?

    Heir vs Heir: Power Struggle Likely to Loom in DMK as Stalin Falls Unwell

    Illegal Gambling Case: Rana, Vijay Deverakonda Among 4 Actors Under ED Lens

    ED Summons Prakash Raj, Rana Daggubati in Online Betting Scam Probe

    Vice President Jagdeep Dhankhar resigns citing health reasons

    Inside Story of Dhankhar’s Resignation: Rajnath Hosts Key Meetings, BJP Rajya Sabha MPs Told to Stay in Delhi for 14 Days

    Kanwar Yatra

    Uttarakhand CM Dhami Alleges Conspiracy to Tarnish Kanwar Yatra’s Image

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Bengal’s Business Exodus: 6,688 Companies Flee State Since Mamata Took Office

    Bengal’s Business Exodus: 6,688 Companies Flee State Since Mamata Took Office

    US Trade Officials to Visit India in August for Crucial Talks

    US Trade Officials to Visit India in August for Crucial Talks

    Importance And Value Of Brand Logos In A Competitive Market

    Importance And Value Of Brand Logos In A Competitive Market

    India's UPI Overtakes Visa to Become World's Leading Real-Time Payment System: IMF

    India’s UPI Overtakes Visa to Become World’s Leading Real-Time Payment System: IMF

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Apache: World’s Most Advanced Attack Helicopter Now in Indian Hands

    Apache Choppers Near Pakistan Border: A Strategic Game Changer for India

    MiG-21 Fighter Jets to Be Retired from Indian Air Force Service by September

    MiG-21 Fighter Jets to Be Retired from Indian Air Force Service by September

    UK F-35B Stealth Jet Finally Departs Kerala Airport After Month-Long Grounding

    UK F-35B Stealth Jet Finally Departs Kerala Airport After Month-Long Grounding

    Indian Army Receives First Apache Attack Helicopters from the US at Hindon Airbase

    Indian Army Receives First Apache Attack Helicopters from the US at Hindon Airbase

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    India Sets Diplomatic Priorities for PM Modi’s UK Visit

    India Sets Diplomatic Priorities for PM Modi’s UK Visit: Focus on Economic Fugitives, Khalistani Extremism, Strategic Ties

    India to Complete Key Road in Ladakh's DBO Sector by Late 2026

    India set to Complete Key Road in Ladakh’s Daulat Beg Oldi Sector by Late 2026, Improve Military Access

    TRF Declared Global Terror Outfit After India’s Swift Diplomatic Strike

    India’s 72-Hour Blitz After Pahalgam Gets TRF Blacklisted by Washington

    TRF Ban a Win for India: Renewed Momentum to Greylist Pakistan at FATF

    TRF Sanctioned: Will Pakistan’s Terror Nexus Drag It Back to FATF Grey List?

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    NCERT Textbook Reveals Mughal Religious Intolerance

    Ruthless Babur, Violent Akbar, Destructive Aurangzeb: NCERT Textbook Reveals Mughal Religious Intolerance

    India Built Gardens Long Before Babur Dreamt of Charbagh

    Before the Mughals: India’s Civilisation Built Gardens Long Before Babur Dreamt of Charbaghs

    Revisiting the MANUSMRITI: Why India’s Youth Must Study This Ancient Epic

    Revisiting the MANUSMRITI: Why India’s Youth Must Study This Ancient Epic

    Echoes of the Cholas in Today’s Bharat

    Conqueror of the Seas: Rajendra Chola and the Rise of Naval Bharat

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    India Becomes First Country to Digitally Preserve Traditional Medicine Using Artificial Intelligence

    India Becomes First Country to Digitally Preserve Traditional Medicine Using Artificial Intelligence

    Highest RTP Casino Games to Get Better Wins

    Highest RTP Casino Games to Get Better Wins

    How to Use Eyebrow Tinting Kits Like a Salon Expert

    How to Use Eyebrow Tinting Kits Like a Salon Expert

    One in Four Indian Married Couples Are Now Overweight

    ICMR Study: One in Four Indian Married Couples Are Now Overweight or Obese—Shared Lifestyle to Blame

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
  • Economy
  • Defense
  • Geopolitics
  • Knowledge
  • Law
  • Lounge

Government sets target to resolve 9 top high priority insolvency cases by March

Amit Agrahari by Amit Agrahari
29 January 2019
in Economy
involvency, cases

(pc: anotherindian)

Share on FacebookShare on X

India had ‘socialism without entry’ before economic liberalization in the early 1990s. This had a negative impact on the nation’s economy and India witnessed the ‘Hindu rate of growth’. The problem was solved in the early 1990s when the country moved towards becoming a capitalist economy with the advent of economic liberalization. However, the larger framework of the political economy of the country remained ‘capitalism without exit’. The lack of a proper framework for insolvency amassed huge Non-Performing Assets (NPAs) which hampered the health of the banking sector as well as retarded the growth of the economy. Modi government brought the path-breaking policy in the form of ‘Insolvency and bankruptcy Code’ (IBC) to solve the problem of ‘capitalism without exit’.

After the government implemented IBC, RBI identified 12 big cases with loans worth 2.5 lakh crore rupees to solve on a high priority basis. The resolution professionals and lenders which primarily comprise of public sector banks were asked to take all the possible steps to resolve the 9 cases out of 12 high-profile cases. Three of these cases have been solved but remaining 9 are still in the process. The government has set March as the deadline for the resolution of remaining nine top-priority cases through the IBC process. After resolution of all these, banks would get a total of 2.5 lakh crore rupees which is more than the total recapitalization amount of 2.11 lakh crore allotted by the government to accelerate lending. These 12 cases accounted for almost one-fourth of the total NPAs (10 lakh crore rupees) of the banks.

RelatedPosts

Jharkhand will soon be ‘Soren-Mukt’

The new CJI has done his homework

A lower court judge was suspended by the High Court, for giving “instant justice”

Load More

“Almost all the cases are in absolutely final stages of resolution. So, it can be done,” said an official. The big cases resolved so far have been highly successful with creditors getting up to 64 percent of their money back.

Overall the creditors have been able to recover almost 58 thousand crore rupees out of the claimed 1.26 lakh crores through IBC resolutions. The recovery rate is around 46 percent in comparison to 26 percent in the pre-IBC era. Out of the total NPA of 10 trillion, 4 trillion is expected to pass through the IBC in 2019.

According to corporate affairs secretary Injeti Srinivas, 3 trillion rupees have been recovered so far in two years due to the implementation of IBC. 3500 cases with default around INR 1.2 trillion rupees were withdrawn from NCLT because creditors recovered money by threatening the debtors about going through the IBC. However, the pace of resolution under IBC is still slow despite the fact that law has put time constraint.

The Insolvency and Bankruptcy Code (IBC) has emerged as the most powerful weapon against the NPA problem as even the Economic Survey, 2018 mentioned that the new Insolvency and Bankruptcy code (IBC) has helped to improve the health of the banking sector. Earlier, several Indian companies were defaulting on their loans because initially there was no such law to dissolve companies. The promoters were sure that the management of the company will not go out of their hands. They kept applying for loans from the government banks by bribing the employees with the intention of never returning the loans back. Since the Modi government brought the Insolvency and Bankruptcy Code, companies have been running after the banks to pay back their dues because the IBC rules barred promoters of companies, being classified as non-performing assets, from bidding for these companies.

Tags: CasesInsolvencyInsolvency and bankruptcy Code
Share2419TweetSend
Previous Post

SalamWeb promises halal browsing experience

Next Post

George Fernandes and Coffin Gate: The scam that never was!

Related Posts

Bengal’s Business Exodus: 6,688 Companies Flee State Since Mamata Took Office
Economy

Bengal’s Business Exodus: 6,688 Companies Flee State Since Mamata Took Office

22 July 2025

In a damning revelation that underscores West Bengal’s deteriorating industrial climate under Chief Minister Mamata Banerjee, the Parliament was...

US Trade Officials to Visit India in August for Crucial Talks
Business

US Trade Officials to Visit India in August for Crucial Talks

22 July 2025

A high-level team from the US is gearing up to visit India in August for the next round of...

Importance And Value Of Brand Logos In A Competitive Market
Business

Importance And Value Of Brand Logos In A Competitive Market

21 July 2025

The first impression that your audience has of your business is through the brand logo. A well-designed brand logo...

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Currently Playing

Britain’s Million-Dollar Bird Finally Takes Off!

Britain’s Million-Dollar Bird Finally Takes Off!

00:06:43

Maharashtra targets crypto christians. fake dalit quota scam exposed.

00:04:16

The Forgotten Maratha Legacy in Tamil Nadu

00:07:37

India’s ULRA Bomber: 12,000-km Beast That Can Strike Anywhere Without Refueling

00:07:39

The Shocking Truth About Mass Conversions in Tamil Nadu

00:07:26
Facebook Twitter Instagram Youtube
tfipostTfipost.com
Right Wing | News Analysis | Indian Opinion
  • About us
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy
  • Sitemap
MASHABLE IS A GLOBAL, MULTI-PLATFORM MEDIA AND ENTERTAINMENT COMPANY. FOR MORE QUERIES AND NEWS, CONTACT US AT info@mashablepartners.com


©2025 TFI Media Private Limited

No Result
View All Result
  • Premium
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
TFIPOST हिन्दी
TFIPOST Global

©2025 TFI Media Private Limited