This story revolves around two key sectors in India: manufacturing and real estate. Both sectors contribute significantly to insolvency cases in the country, with three out of every five cases falling under these categories. However, their outcomes under the Insolvency and Bankruptcy Code (IBC) showcase stark differences.
Manufacturing constituted 39% of all admitted cases under the IBC until June 2023, but remarkably, it comprised 49% of the resolved cases. On the other hand, real estate contributed to 21% of the admitted cases but only 13% of the resolved cases.