Zilch: That’s what banks are likely to recover from 354 liquidation cases

In the 2019 September quarter, as many as eight of the nine companies where liquidation process was closed yielded no value to stakeholders. A large case like Orchid Health Care, with claims of Rs 3,500 crore, was liquidated with no value. Only Kakatiya Engineering Equipment with claim of Rs 50 crore yielded Rs 5.33 crore to stakeholders.

from Banking/Finance-Industry-Economic Times https://ift.tt/2QfpCJu