Bankruptcy code settles Rs 3L cr NPAs

Corporate affairs secretary Injeti Srinvas said the IBC has triggered a tectonic shift in the behaviour of lenders and borrowers which is reflected in the swift disposal of cases at National Company Law Tribunal. The Insolvency and Bankruptcy Code, touted as a game-changer in dealing with bankruptcy, has helped resolve stressed assets worth Rs 3 lakh crore in two years

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