New Delhi, June 20 -- Companies on the brink of collapse tend to do certain transactions that benefit the promoters or close partners but are detrimental to the organization and its creditors. While such 'dubious transactions' can later be set aside during bankruptcy proceedings by tribunals, getting the money back is proving an uphill task.

Data from regulator Insolvency and Bankruptcy Board of India (IBBI) reviewed byMintshowed that in FY25, just Rs.1,322 crore or a tenth of the amount involved in 'avoidance transactions' disposed of by tribunals were recovered. And overall, just 12% of the Rs.65,650 crore worth voidable deals executed by promoters and management of 368 companies-and where tribunals have given their verdict-were recove...