New Delhi, May 15 -- Creditors and investors salvaged a record number of 284 companies from bankruptcy in FY25 under provisions of the Insolvency and Bankruptcy Code (IBC), as per data from the National Company Law Tribunal (NCLT).

This improvement comes as the government filled vacancies in bankruptcy tribunals and the sector's regulator continued refining rules to enhance the efficiency of the corporate turnaround ecosystem.

Creditors stand to recover over Rs.67,000 crore from these transactions in the recently concluded financial year, a 42% increase compared to the amount recoverable from the turnaround of 275 companies achieved in the same period last year, the data showed.

This development comes amid improving outcomes under IBC-...