Creditors recover record ₹67,000 crore via IBC in FY25, up 42% from FY24

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Newly appointed members serve a term of five years or until they reach the age of 65, whichever comes first.

Personal insolvency applications under Sections 94 and 95 nearly doubled to 673.

During a Jet Airways liquidation hearing, the court pointed out that the NCLT was functioning with just 43 members, well below its sanctioned strength of 63.

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Category: BusinessFinance

Markets: India

Topics: NCLAT Section 94 Insolvency and Bankruptcy Code NCLT new members Insolvent comanies Section 95 Corporate insolvency Section 7 IBBI data Section 10 NCLT resolutions 67000 crore recovered in FY25 Jet Airways Record creditors recovery Personal insolvency Section 9 Section 54C IBC FY25 recoveries Supreme Court

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News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-15 @ 15:05:03 (13 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 356 words

Reading Time: 2 minutes read

Sentences: 17 lines

Sentence Length: 21 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 28727533

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