Recovery in realty cases via IBC hits 44.7%, says FM Nirmala Sitharaman

Finance and corporate affairs minister Nirmala Sitharaman on Tuesday said that 204 insolvency cases in the real estate and construction sector were resolved under the bankruptcy law until March 2025, yielding an average recovery of 44.7% against the lenders' admitted claims. The realisation was, however, as much as 111.6% of the fair value and 172.15% of the liquidation value of the rescued firms, Sitharaman said in a statement in the Rajya Sabha. She added that a total of 1,522 insolvency cases in the realty and construction sector were admitted until March, and in most cases the bankruptcy proceedings are in progress.