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flag India's banks accept major loan cuts in corporate insolvency, with most cases taking over 270 days.

flag India's banks have taken a 72% reduction on loans in corporate insolvency cases, with over 71% of cases taking longer than 270 days, leading to more liquidation orders. flag The Insolvency and Bankruptcy Code (IBC), introduced in 2016 to resolve cases within 270 days, aims to extract better value for lenders. flag In the second quarter of 2024-25, creditors realized a record Rs3.5 lakh crore through successful resolutions, but the process delays and high haircuts persist. flag ICRA suggests improvements like pre-packaged insolvency processes could help.

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