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If resolution takes long, recovery bound to drop
Insolvency and Bankruptcy Board of India study reveals recovery rate link to resolution time. Lenders recover 49.2% in 330 days, dropping to 36% for longer cases. Delays, triggered by litigations, erode distressed defaulter value, reducing creditor recovery value, as highlighted by IBBI chairperson Ravi Mital. IBC aims at business preservation.
Insolvency and Bankruptcy Board of India study reveals recovery rate link to resolution time. Lenders recover 49.2% in 330 days, dropping to 36% for longer cases. Delays, triggered by litigations, erode distressed defaulter value, reducing creditor recovery value, as highlighted by IBBI chairperson Ravi Mital. IBC aims at business preservation. 
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