Defaults worth Rs 10.2 lakh cr settled at pre-admission of insolvency cases since 2016: Economic Survey

The IBC has created an "optimal incentive-disincentive mix" to facilitate above-board and transparent dealings in creditor-debtor relations, it said. As of March 2024, over 1,500 real estate companies were admitted to the insolvency resolution process under the IBC, accounting for a 21 per cent of total admissions, said the Economic Survey.