Abhishek Pandey Spoke to VC Circle About IBC and its Progress

Abhishek Pandey, Managing Director in Duff & Phelps India, was featured in a VC Circle article on the Insolvency and Bankruptcy Code (IBC) and its after-effects on the Indian economy and the banking sector.
While the IBC is still undergoing changes, the progress is commendable in terms of implementation; this indicates a green flag in terms of how stressed assets are being handled in with the current economic scenario. Multiple high profile cases were resolved this year including Tata Steel’s acquisition of Bhushan Steel; Vedanta Resources’ acquisition of Electrosteel Steels Ltd. etc. Until now, 1,198 cases have been admitted in the National Company Law Tribunal (NCLT), out of which the resolution plan for 52 cases has been approved. The recovery looks steady with a 50.7% average recovery rate being recorded in the three quarters through September 2018.
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