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80% of insolvency cases of default of less than ₹ 1 crore was initiated by the operational creditors


The Insolvency and Bankruptcy Board of India (IBBI) the regulatory body of IBC, disclosed in its latest quarterly bulletin, that about 80% of insolvency and bankruptcy proceedings involving default of less than Rs. one crore was initiated by the operational creditors. Around three-fourths of all bankruptcy proceedings initiated by operational creditors resulted in the liquidation of the c