IBC recoveries down even as resolutions soar in FY24

The recovery from defaulters under the Insolvency and Bankruptcy Code (IBC) in India decreased in 2023-24 despite 42% more cases being resolved. The realisation for creditors from the resolution of stressed companies decreased to ₹47,653 crore from ₹55,449 crore in 2022-23. Long delays in resolution led to larger haircuts for lenders.