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Too soon to celebrate ED recovery? | India Development Debate
Too soon to celebrate ED recovery? | India Development Debate

ED transferred assets worth over 8,400 crores to Public sector banks who suffered losses after alleged scams perpetrated by Nirav Modi, Mehul Choksi and Vijay Mallya today. A Total of 9,041 crore worth of assets has so far been transferred till date. Even with this recovery most banks end up taking a haircut of around 60% in Insolvency and Bankruptcy Code (IBC) proceedings. What happens to the thousands of cases still awaiting resolutions? Is this the only way to seek a resolution? And is it time to review the IBC system? Watch ET Now's Tamanna Inamdar speak to a panel of experts

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