De­cod­ing the Code

The Economic Times - - Deep Dive -

NPA as % of ad­vances Gross NPAs (` cr)

30,239 21,495 43,935 55,003 25,107 35,604 25,560 30,480 93,137 17,208 7,909

THE GIST OF IBC is time-bound res­o­lu­tion or wind­ing up of cor­po­rate debtors fac­ing dif­fi­cul­ties in re­pay­ing li­a­bil­i­ties

NCLT COURTS WILL ad­ju­di­cate in all IBC cases; there are NCLT benches across coun­try are likely to move to NCLT over the next few years, ac­cord­ing to Al­varez & Marsal

IBC PRESCRIBES STRICT time­lines: (plus a grace pe­riod of 90 days) is given for res­o­lu­tion

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