As on 30th June 2021, 4,540 companies were admitted into Corporate Insolvency Resolution Process (CIRP) under Insolvency and Bankruptcy Code, 2016 (IBC). 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.

Giving details on the resolution status, the Minister stated that 394 companies were resolved till 30th June 2021 wherein financial creditors (FCs) including financial institutions, had total claims amounting to ₹ 6.80 lakh crore, out of which ₹ 2.45 lakh crore have been realised, which is 36% of their claims.

The Minister further stated that the insolvency resolution process of the corporate debtor (CD) is market driven and the outcome depends on market forces which varies from case to case and sector to sector. The value realised by creditors depends on available assets at the stage of admission of case under the Code. Details of cases are available in public domain on the website of Insolvency and Bankruptcy Board of India (www.ibbi.gov.in) which is periodically updated.

Corporate Insolvency Resolution Process recoveries remain modest, reflecting market-driven outcomes under the Insolvency and Bankruptcy Code. As of 30 June 2021, 4,540 corporate debtors were admitted into the CIRP under the Insolvency and Bankruptcy Code, with 394 companies resolved and financial creditors realising about thirty-six percent of claimed amounts; recovery outcomes are market driven and depend on assets available at admission, with case details published by the Insolvency and Bankruptcy Board of India.