More than 4,000 cases admitted for corporate insolvency resolution process since FY 2016

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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