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
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 |
CAclubindia
