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
Posted Date:- Mar 22, 2022
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:
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: