<h1>Financial Creditors Recover 221% of Liquidation Value Under Insolvency and Bankruptcy Code, 2016 for 12 Major Accounts.</h1> Financial creditors realized 221% of the liquidation value and 51% of admitted claims through the corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016. Initiated by banks for 12 large accounts referred by the Reserve Bank of India, resolution plans were approved for eight corporate debtors, two are undergoing the resolution process, and two are in liquidation. The eight resolved debtors owed Rs. 2.26 lakh crore, with a liquidation value of Rs. 0.52 lakh crore. The realizable value for creditors was Rs. 1.16 lakh crore, highlighting significant recovery through the process.