The average time taken for resolution or liquidation of bad loans facing corporate insolvency resolution process (CIRP) has increased to a three-year high for all stakeholders in the first quarter of the current fiscal, says a India Ratings and Research report.
The timelines for the resolution of cases under CIRP or Insolvency and Bankruptcy Code (IBC) continue to increase for operational creditors (OCs) and financial creditors (FCs) during the June quarter.
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