Lenders have recovered about half the defaulting advances of Rs 1.43 lakh crore stuck in 82 cases that have been resolved so far in the past two years, signaling that the Insolvency and Bankruptcy Code (IBC) has become increasingly effective in extricating funds from bad assets. The law came into effect in December, 2016. The National Company Law Tribunal, the dedicated bankruptcy mechanism, has admitted 1,627 cases until February. More than a fifth of these cases have gone for liquidation, while the rest are either under insolvency resolution process or resolved.

(Economic Times)