Wednesday, May 25

More than 4,000 Cases Admitted for Corporate Insolvency Resolution Process Since FY 2016

As per the information provided by Insolvency and Bankruptcy Board of India [IBBI, the Regulator under Insolvency and Bankruptcy Code, 2016 (IBC)], the following is the year wise details of number of cases admitted for corporate insolvency resolution process under the Code:

YearNo. of corporate insolvency resolution process admitted
2016-1737
2017-18706
2018-191157
2019-201986
2020-21538

This was stated by Union Minister of State for Corporate Affairs Shri Rao Inderjit Singh in a written reply to a question in Rajya Sabha today.

Giving more details, the Minister gave Year-wise details of the number of cases resolved along with total amount of admitted  claims and realisable value for creditors in such cases as following:

YearNo. of cases resolvedTotal admitted claims(Rs. in crore)Realisable value(Rs. in crore)
2016-170NANA
2017-18209,115.514,754.63
2018-19792,07,082.261,11,535.33
2019-201381,95,544.0666,240.87
2020-211221,63,449.2127,783.39

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