More than 4,000 cases admitted for corporate insolvency resolution process since FY 2016
359 cases resolved with realisable value of more than Rs 2 lakh crore for creditors
Posted On: 22 MAR 2022 6:04PM by PIB Delhi
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:
|
Year
|
No. of corporate insolvency resolution process admitted
|
|
2016-17
|
37
|
|
2017-18
|
706
|
|
2018-19
|
1157
|
|
2019-20
|
1986
|
|
2020-21
|
538
|
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:
|
Year
|
No. of cases resolved
|
Total admitted claims
(Rs. in crore)
|
Realisable value
(Rs. in crore)
|
|
2016-17
|
0
|
NA
|
NA
|
|
2017-18
|
20
|
9,115.51
|
4,754.63
|
|
2018-19
|
79
|
2,07,082.26
|
1,11,535.33
|
|
2019-20
|
138
|
1,95,544.06
|
66,240.87
|
|
2020-21
|
122
|
1,63,449.21
|
27,783.39
|
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RM/KMN