Recoveries by ARCs have remained at a low 20%

Effective implementation of the Insolvency and Bankruptcy Code (IBC) can provide a leg-up to asset reconstruction companies (ARCs), that essentially step into the banks/lenders’ shoes to recover bad loans. According to a report published by Crisil, released at the Assocham’s national conference on IBC recently, recovery rate for ARCs has been low at 20 per cent, with resolution taking more tha...