More than 4,000 cases admitted for corporate insolvency resolution process (CIRP) since FY 2016 and out of these 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 |
