Govt working on integrated platform for insolvency ecosystem: Official

The Indian government is creating a platform to improve insolvency resolutions. The platform will connect key stakeholders and provide alerts for delays. The IBC aims to rescue stressed assets, not just recover funds. Over 1,900 insolvency cases are ongoing, with many exceeding the 270-day limit. Creditors have recovered around Rs 3.55 lakh crore through resolved cases.

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