drishti current affairs magazine English
drishti current affairs magazine English article was published in at1288 crore the realization for financial creditors in the march quarter dropped below the assets liquidation value of1316 crore for the first time. o financial creditors are those who have a strictly financial contract with the company such as a loan or debt security. in absolute terms the cumulative recovery for financial creditors till the march quarter stood at rs 2.25 trillion out of total admitted claims of7.56 trillion. 26 the insolvency and bankruptcy code (ibc) it was introduced in 2016 through an act of parliament to tackle the bad loan problems and act as one stop solution for resolving insolvencies. it consolidates and amends the laws relating to reorganization and insolvency resolution of all entities both corporate and individuals. it provides for a timebound process to resolve insolvency (see infographic on ibc its timeline and process) too maximize the value of assets of such persons to promote entrepreneurship availability of credit and balance the interests of all the stakeholders drishti current affairs magazine subscription.
