IBBI admits 1060 cases into corporate insolvency resolution process in around 2 years

Last updated: 23 March 2022

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The Insolvency and Bankruptcy Board of India (IBBI) has admitted a total of 1060 cases into the corporate insolvency resolution process (CIRP) over the past two years. Specifically, 538 cases were admitted in 2020-21 and 522 in 2021-22, up to December 31st of that year. These figures were shared by Union Minister of State for Corporate Affairs, Shri Rao Inderjit Singh.

As per the information provided by Insolvency and Bankruptcy Board of India, in the years 2020-21 and 2021-22 (upto 31^st December, 2021), 538 and 522 cases, respectively, have been admitted into the corporate insolvency resolution process (CIRP) under the Insolvency and Bankruptcy Code, 2016. 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 details of action taken in the said cases as follows:-

Year	Cases Admitted	Outcome of cases as on 31^st December 2021
Year	Cases Admitted	Appeal/ Review/Settled	Withdraw n u/s 12A	Resolution	Liquidation	Ongoing
2020-21	538	49	93	9	63	324
2021-22	522	13	47	0	4	458

Further details are available in public domain on www.ibbi.gov.in, which are periodically updated, the Minister added.

FAQ :

The IBBI admitted 1060 cases into the corporate insolvency resolution process (CIRP) in the years 2020-21 and 2021-22 (up to 31st December 2021).

In the 2020-21 financial year, 538 cases were admitted into the CIRP.

In the 2021-22 financial year, up to 31st December 2021, 522 cases were admitted into the CIRP.

The information was provided by the Union Minister of State for Corporate Affairs, Shri Rao Inderjit Singh, in a written reply in the Rajya Sabha.

As of 31st December 2021, for the 538 cases admitted in 2020-21, the outcomes were: 49 settled, 93 withdrawn under section 12A, 9 under appeal/review, 63 resolved, and 324 ongoing.

Further details are available in the public domain on the IBBI website, www.ibbi.gov.in, which are periodically updated.

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