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of <h1>Insolvency Code Resolves 30,000+ Cases, Recovering 32% of Claims and Boosting Credit Discipline</h1> A top regulatory official reported over 30,000 cases settled before admission under the Insolvency and Bankruptcy Code, covering defaults of Rs 13.78 lakh crore by December 2024. The settlements demonstrate improved credit discipline, with creditors recovering approximately 32% of claims through resolution processes. Resolved cases showed significant improvements in total assets, capital expenditure, and market valuation, highlighting the effectiveness of the insolvency framework.
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