Over 30000 cases settled before admission in IBC : IBBI

 Over 30,000 cases involving defaults totaling ₹13.78 lakh crore were settled before formal admission into the Insolvency and Bankruptcy Code (IBC) process as of December 2024, according to Jitesh John, Executive Director of the Insolvency and Bankruptcy Board of India (IBBI). This development underscores a significant improvement in credit discipline, as the IBC framework has encouraged early resolution of distressed debts, prompting debtors to proactively address financial obligations. 

Additionally, the Reserve Bank of India's 2023–24 report highlights that ₹46,000 crore out of ₹96,000 crore recovered by scheduled commercial banks came through the IBC, emphasizing its central role in debt recovery. Furthermore, 1,194 Corporate Insolvency Resolution Processes concluded by March 2025 resulted in creditors realizing ₹3.89 lakh crore—about 32% of total claims—while recovering approximately 170% of the liquidation value and 93.36% of the fair value, indicating the IBC's effectiveness in enhancing financial stability and investor confidence. 

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