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As per data provided by theNational Company Law Tribunal (NCLT), 149 in the year 2018, 103 in the year 2019 and 72 in the year 2020 making a total of 324 companies which have filed for bankruptcy during the aforesaid three years period. This was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance Corporate Affairs, in a written reply to a question in Rajya Sabha today. Giving more details, the Minister stated, as per data provided by the NCLT, 8,330 applications in the
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FAQ :
A total of 324 companies filed for bankruptcy between 2018 and 2020.
In 2018, 149 companies filed for bankruptcy, followed by 103 in 2019, and 72 in 2020.
The data was provided by the National Company Law Tribunal (NCLT) and stated by Shri Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs.
According to the data, the number of applications filed under the IBC has not increased over the last three years (2018-2020).
Companies are required to file their financial statements and board reports within 30 days of their Annual General Meeting (AGM).
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