the rubber meets the road
Around 400 cases have been referred to the NCLT this year. A majority of these have been filed by operational creditors, and around 150 cases by lenders. The remaining cases are filed by corporate debtors. A resolution of these accounts is expected to be a major trigger for corporate lenders but as of now only two accounts have been taken up for resolution at hefty haircuts. Around seven have been directed to undergo liquidation, and another 14 are witnessing further appeals.
Around 400 cases have been referred to the NCLT this year. A majority of these have been filed by operational creditors, and around 150 cases by lenders. The remaining cases are filed by corporate debtors. A resolution of these accounts is expected to be a major trigger for corporate lenders but as of now only two accounts have been taken up for resolution at hefty haircuts. Around seven have been directed to undergo liquidation, and another 14 are witnessing further appeals.
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