Financial creditors have recovered around Rs 56,000 crore since the inception of Insolvency and Bankruptcy Code (IBC), sources privy to the developments told CNBC-TV18.

The central government also conducted a review of the execution of bankruptcy code as Rs 1 lakh crore of bad debt is admitted to National Company Law Tribunal (NCLT) right now, said people familiar with the matter.

Sources told CNBC-TV18 that central government will take measures to strengthen NCLT and National Company Law Tribunal (NCLAT) by recruiting more judges and staff members.

First Published:Oct 23, 2018 9:47 PM IST