Bankruptcy cases rise 25 per cent in Q3; recovery lowest at 23.45 per cent: Care Ratings

While the number of insolvency petitions increased by a steep 25 per cent, the overall recovery rate till the third quarter of FY23 was just 30.4 per cent, implying a haircut of 69.6 per cent. The cumulative recovery rate has been on a downtrend, decreasing from 43 per cent in Q1FY20 and 32.9 per cent in Q4FY22, according to an analysis of the latest numbers of insolvency board IBBI carried out by Care Ratings.

from News-Economic Times https://ift.tt/CNzRdjq