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IBBI gives approval to 317 companies' resolution plans; 1,126 companies to be liquidated
As per information provided by Insolvency and Bankruptcy Board of India (IBBI), the Regulator, as on 31.12.2020, in 317 cases resolution plans have been approved and 1126 cases have been ordered for liquidation.
This was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs, in a written reply to a question in Lok Sabha today.
Giving more details, the Minister said that as per information provided by IBBI, as on 31.12.2020, realisable value for creditors from the approved resolution plans of 317 cases is Rs. 2.01 lakh crore, which is 39.37% of total admitted claims (Rs. 5.11 lakh crore).
FAQ :
As of 31st December 2020, the IBBI has approved resolution plans for 317 companies.
The realisable value for creditors from the 317 approved resolution plans is £2.01 lakh crore.
The £2.01 lakh crore represents 39.37% of the total admitted claims, which amounted to £5.11 lakh crore.
As of 31st December 2020, 1,126 companies have been ordered for liquidation.
This information was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs, in a written reply in Lok Sabha.
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